When Demand and Supply Both Increase,equilibrium Price Will _________ and Equilibrium

question 176

Multiple Choice

When demand and supply both increase,equilibrium price will _________ and equilibrium quantity will ________.

• A)increase;increase
• B)decrease;increase
• C)remain the same;increase
• D)All of these are correct.

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Definitions:

Powerflow

The mechanical flow path that conducts motive power through a system or component. For instance, the powerflow through a transmission in a specific gear ratio would be the sequential routing of the torque flow path through those gears that are actually engaged.

Drive Axle Carrier

The part of a vehicle's drive axle that houses the differential and other components, helping to transmit power from the engine to the wheels.

Differential Lock

A differential lock is a feature on some vehicles that allows both wheels on an axle to be locked together, ensuring they spin at the same speed for increased traction.

Single-reduction Axle

An axle configuration that uses a single set of gears to reduce the engine speed to the desired wheel speed, providing torque multiplication.