If the population increases and input prices increase,the equilibrium price of a product will definitely increase.

Name: If the population increases and input prices increase,the equilibrium price of a product will definitely increase.
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Question

Quizplus · Accepted Answer

If the population increases, the demand for the product will increase, leading to an increase in the equilibrium price. If input prices increase, the cost of production will increase, also leading to an increase in the equilibrium price.

If the Population Increases and Input Prices Increase,the Equilibrium Price