If the demand and supply both increase equally,then the equilibrium price ________ and the equilibrium quantity ________.

Question

Quizplus · Accepted Answer

If both demand and supply increase equally, the equilibrium price will not change as the shifts in the curves will cancel each other out. The equilibrium quantity, on the other hand, will increase as the increase in both demand and supply will lead to a higher quantity being exchanged at the original equilibrium price. Therefore, choice C is the correct answer.

If the Demand and Supply Both Increase Equally,then the Equilibrium