When the demand and supply of grapes both increase at the same time,we can safely predict that the:
A) price of grapes will fall.
B) price of grapes will rise.
C) quantity of grapes bought and sold will fall.
D) quantity of grapes bought and sold will rise.

Question

Quizplus · Accepted Answer

When both demand and supply increase at the same time, it means that there is an increase in both the willingness and ability of buyers and sellers to trade grapes at a given price. This will result in an increase in the quantity of grapes bought and sold in the market, while keeping the price relatively stable or only slightly rising. Therefore, the best choice is D.

When the Demand and Supply of Grapes Both Increase at the Same