If both the supply of and the demand for a good increase simultaneously, the equilibrium quantity will

Name: If both the supply of and the demand for a good increase simultaneously, the equilibrium quantity will
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Quizplus · Accepted Answer

When both supply and demand increase simultaneously, the equilibrium quantity will increase. This is because both suppliers and consumers are willing and able to produce and consume more of the good at the existing price, resulting in an increase in the quantity traded in the market.

If Both the Supply of and the Demand for a Good