Suppose there is an increase in both the supply and demand for laptops. In the market for laptops, we would expect
A) the equilibrium quantity to rise and the equilibrium price to rise.
B) the equilibrium quantity to rise and the equilibrium price to fall.
C) the equilibrium quantity to rise and the equilibrium price to remain constant.
D) the change in the equilibrium quantity to be ambiguous and the equilibrium price to rise.
E) the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.
Correct Answer:
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