When both supply and demand shift in the same direction,the change in the equilibrium quantity traded will be in the same direction as the shifting curves.

Question

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When both supply and demand shift in the same direction, the change in the equilibrium quantity traded will be in the same direction as the shifting curves. For example, if both supply and demand increase, then the equilibrium quantity traded will also increase. Similarly, if both supply and demand decrease, then the equilibrium quantity traded will decrease.

When Both Supply and Demand Shift in the Same Direction,the