When supply and demand both increase, equilibrium:
A) price will increase
B) price will decrease
C) price may increase, decrease, or remain unchanged
D) quantity may increase, decrease, or remain unchanged
Correct Answer:
Verified
Q162: A shift in the supply curve is
Q163: Graph 4-6 Q165: When the price is higher than the Q169: Suppose that the incomes of buyers in Q175: Which of the following is NOT one Q176: When there is a surplus in a Q179: Whenever the price of a good changes Q181: Given the following information about three consumers' Q182: Suppose that there is an decrease in Q183: If the Government subsidises forest clearance to![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents