An increase in demand and an increase in supply will definitely lead to higher price.

Name: An increase in demand and an increase in supply will definitely lead to higher price.
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Question

Quizplus · Accepted Answer

An increase in demand tends to push prices up, but an increase in supply aims to bring prices down. The overall effect on price will depend on the relative magnitudes of the demand and supply changes. If the increase in supply is larger than the increase in demand, prices could actually fall.

An Increase in Demand and an Increase in Supply Will