Both price and quantity will increase when there is a(n)
A)increase in demand.
B)decrease in demand.
C)increase in supply
D)decrease in supply.

Name: Both price and quantity will increase when there is a(n) A)increase in demand. B)decrease in demand. C)increase in supply D)decrease in supply.
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Question

Both price and quantity will increase when there is a(n)
A)​increase in demand.
B)​decrease in demand.
C)​increase in supply
D)​decrease in supply.

Quizplus · Accepted Answer

According to the law of demand, an increase in demand leads to an increase in both price and quantity demanded. Therefore, the correct choice is A.

Both Price and Quantity Will Increase When There Is A(n)