If Both the Supply of and the Demand for a Good

question 4

Multiple Choice

If both the supply of and the demand for a good increase simultaneously

• A) equilibrium price and equilibrium quantity both increase.
• B) equilibrium price increases and the effect on equilibrium quantity is indeterminate.
• C) equilibrium quantity increases and the effect on equilibrium price is indeterminate.
• D) the effect on both equilibrium price and equilibrium quantity is indeterminate.

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Recognized or distinguished as being a specific person or thing, often through the process of analysis or investigation.

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A machine that reduces wood into smaller woodchips, often used for clearing brush or recycling wood waste.

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A type of business entity that focuses on the sustainable management, conservation, and rehabilitation of forested land for economic, ecological, and social benefits.

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