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What Is the Effect on the Price and Quantity of a Product

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What is the effect on the price and quantity of a product if both the demand and supply simultaneously increase?


Definitions:

Authoritative

Commanding and self-assured; likely to be respected and obeyed, often used to describe a style of leadership or writing.

Constructive

An approach or feedback that is intended to bring about improvement or positive change.

Democratic Ideals

Principles that emphasize equality, freedom, and justice within a societal structure, promoting participation and representation in decision-making processes.

Unanimity

Complete agreement or concurrence among all members or participants in a particular situation or decision.

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