Suppose demand increases and supply increases, but supply increases more than demand.What will happen to equilibrium price and quantity?
A) Equilibrium price will increase, and equilibrium quantity will increase.
B) Equilibrium price will decrease, and equilibrium quantity will increase.
C) Equilibrium price will increase, and equilibrium quantity will decrease.
D) Equilibrium price will decrease, and equilibrium quantity will decrease.
Correct Answer:
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