FIGURE 3-5 -Refer to Figure 3-5.If Supply and Demand Were to Increase

question 71

Multiple Choice

FIGURE 3-5
-Refer to Figure 3-5.If supply and demand were to increase simultaneously,this would lead to

• A)an increase in both equilibrium price and quantity.
• B)a decrease in both equilibrium price and quantity.
• C)an increase in equilibrium quantity and an indeterminate change in price.
• D)an increase in equilibrium price and an indeterminate change in equilibrium quantity.
• E)no change in equilibrium price or quantity.

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