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An Increase in Both Demand and Supply Causes An

Question 59

Multiple Choice

An increase in both demand and supply causes an:


A) increase in equilibrium price but a decrease in equilibrium quantity.
B) increase in equilibrium quantity and either an increase or decrease in equilibrium price.
C) increase in equilibrium quantity but a decrease in equilibrium price.
D) increase in equilibrium price and increase in equilibrium quantity.

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