When Both the Demand for a Good Increases and the Supply

question 311

True/False

When both the demand for a good increases and the supply of the good increases, the equilibrium quantity definitely increases.

---

Definitions:

Exploratory Phase

An initial stage in research or project development focused on investigating, experimenting, or gathering preliminary data without a predetermined outcome or hypothesis.

Communication Pieces

Various forms of media created to convey messages or information to a specific audience, including brochures, advertisements, and digital content.

Social Media Marketing Integration

This involves the strategy of blending social media tactics seamlessly into an organization’s marketing mix to enhance user engagement and spread brand awareness.