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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Definitions:

Disciplinary Method

Strategies or techniques used to teach and enforce rules and behaviors, aiming to guide and correct an individual's actions towards socially acceptable standards.

Pros And Cons

The advantages (pros) and disadvantages (cons) of a specific decision, action, or situation.

Research

A systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Settling Down

The process of adopting a more stable and less erratic lifestyle, often associated with making long-term commitments in personal and professional domains.