What will happen if both the demand for and supply of a product increase simultaneously?

Question

Quizplus · Accepted Answer

When both the demand for and supply of a product increase simultaneously, the quantity traded will increase. This is because both higher demand and higher supply indicate that consumers are willing and able to buy and sellers are willing and able to produce more of the product, resulting in an increase in the quantity traded. However, the effect on price may be indeterminate, as it depends on the magnitude of the shift in demand and supply.

What Will Happen If Both the Demand for and Supply