An Increase in Both Supply and Demand Causes Which of the Following

question 45

Multiple Choice

An increase in both supply and demand causes which of the following?

• A) Equilibrium price falls.
• B) Equilibrium price rises.
• C) Equilibrium price change is indeterminate.
• D) Equilibrium quantity decreases.
• E) Equilibrium quantity change is indeterminate.

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Member

An individual who belongs to a group, organization, or some form of collective, often contributing towards the collective goals.

Objectives

Specific, measurable goals set by individuals or organizations to achieve desired outcomes.

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