If Both Supply and Demand Increase Simultaneously, the New Equilibrium

question 25

Multiple Choice

If both supply and demand increase simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

• A)lower; lower
• B)lower; indeterminate
• C)indeterminate; higher
• D)higher; indeterminate

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Definitions:

Tolerance

Tolerance is the capacity to accept or endure differences, opinions, or behavior without adverse reaction.

Marijuana

A psychoactive drug derived from the Cannabis plant, used for recreational or medicinal purposes.

Inhalations

The act of taking air or gas into the lungs through breathing.

SIDS

Sudden Infant Death Syndrome, the unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.