If Both the Supply and Demand Curves Shift to the Right

question 147

Multiple Choice

If both the supply and demand curves shift to the right, then we can conclude that there will be

• A) an increase in the equilibrium quantity sold and an increase in the equilibrium price.
• B) a decrease in the equilibrium quantity sold and a decrease in the equilibrium price.
• C) an increase in the equilibrium quantity sold and a decrease in the equilibrium price.
• D) an increase in the equilibrium quantity sold and an uncertain effect on the equilibrium price.

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