If Both Market Demand and Supply Increase Simultaneously, What Will

question 17

Multiple Choice

If both market demand and supply increase simultaneously, what will happen to equilibrium quantity and equilibrium price?

• A) Quantity and price will both increase.
• B) Quantity will increase and price will be indeterminate.
• C) Quantity will be indeterminate and price will decrease.
• D) Quantity and price will both decrease.

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Definitions:

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Listening Ability

The capacity to accurately receive and interpret messages in the communication process, a crucial element of effective communication.

Argument And Criticism

The practice of presenting reasons for or against a particular position, often involving evaluation and analysis of ideas or works.

Appendix

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