Which of the following is likely to result in a larger equilibrium quantity exchanged?

Question

Quizplus · Accepted Answer

An increase in both demand and supply will result in a larger equilibrium quantity exchanged because both the quantity demanded and quantity supplied are increasing, indicating a greater willingness and ability to buy and sell the good at the current price. As a result, the market will reach a new equilibrium where a larger quantity is exchanged than before.

Which of the Following Is Likely to Result in a Larger