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What Happens to Equilibrium Price When Simultaneously Demand Increases and Supply

Question 98

Multiple Choice

What happens to equilibrium price when simultaneously demand increases and supply decreases?


A) Equilibrium price will increase.
B) Equilibrium price will decrease.
C) Equilibrium price will remain the same.
D) Equilibrium price may increase,decrease,or remain the same depending on the magnitude of the shifts in demand and supply.

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