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

---

Definitions:

Muslim Control

refers to regions or territories governed by Islamic law or under the political control of Muslim leaders.

Native American Population

describes the group of people indigenous to the Americas, recognized for their diverse cultures, languages, and histories.

Smallpox

A contagious, disfiguring, and often deadly disease caused by the variola virus that has been eradicated globally.

Present-Day United States

Refers to the contemporary social, political, and economic conditions and affairs within the United States, considering current events and trends.