An Increase in Demand Accompanied by an Increase in Supply

question 38

True/False

An increase in demand accompanied by an increase in supply will increase the equilibrium quantity,
but the effect on equilibrium price will be indeterminate.

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Definitions:

Edit Preferences

The action or process of changing settings or options within a software or system to match user requirements.

Sales on Account

Transactions where goods or services are sold and payment is agreed to be made at a later date.

Make Deposits

The process of putting money into a financial account, which can include cash, checks, or electronic transfers.

Vendors List

A list in accounting or business software that contains details about suppliers and vendors from whom a company purchases goods or services.