-Refer to the above information to answer this question.If both demand and supply increase by 40 units,what will be the new values of equilibrium price and quantity?
A)$40 and 140.
B)$50 and 140.
C)$60 and 100.
D)$60 and 140.
E)The price will be $50 but equilibrium is not possible.

Question

-Refer to the above information to answer this question.If both demand and supply increase by 40 units,what will be the new values of equilibrium price and quantity?
A)$40 and 140. 
B)$50 and 140. 
C)$60 and 100. 
D)$60 and 140. 
E)The price will be $50 but equilibrium is not possible.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above information to answer this question.If both demand and supply increase by 40 units,what will be the new values of equilibrium price and quantity?
A)$40 and 140. 
B)$50 and 140. 
C)$60 and 100. 
D)$60 and 140. 
E)The price will be $50 but equilibrium is not possible.

-Refer to the Above Information to Answer This Question