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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:

Social Inequality

Uneven opportunities and rewards exist for different social standings or positions within a group or society.

Genetically Programming

Creating modifications or specific outcomes in the genetic makeup of organisms through biotechnological methods. Also known as genetic engineering.

Natural Evolution

The gradual process by which biological species undergo changes over time through variation and selection.

Cancer Alley

A region in the United States, specifically in Louisiana along the Mississippi River, known for its high concentration of industrial plants and associated health impacts, including high cancer rates.

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