Which of the following would raise both the equilibrium price and the equilibrium quantity of strawberries?
A) A decrease in the demand for strawberries.
B) An increase in the demand for strawberries.
C) A decrease in the supply of strawberries.
D) An increase in the supply of strawberries.

Question

Quizplus · Accepted Answer

An increase in the demand for strawberries would shift the demand curve to the right, leading to an increase in both the equilibrium price and quantity. A decrease in demand (A) would lead to the opposite effect. Changes in supply (C and D) would only affect one of the two variables (higher prices with lower supply, and higher quantity with higher supply), but not both at the same time.

Which of the Following Would Raise Both the Equilibrium Price