An Increase in Demand and an Increase in Supply Will

question 307

Multiple Choice

An increase in demand and an increase in supply will lead to

• A) unambiguous increases in both price and quantity.
• B) unambiguous decreases in both price and quantity.
• C) an unambiguous increase in quantity, but the effect on price is indeterminate.
• D) an unambiguous increase in price, but the effect on quantity is indeterminate.

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