An Increase in Demand Coupled with an Increase in Supply

question 27

Multiple Choice

An increase in demand coupled with an increase in supply results in a(n)

• A) increase in price and an ambiguous effect on equilibrium quantity
• B) increase in equilibrium quantity and a decrease in equilibrium price
• C) decrease in equilibrium quantity and an ambiguous effect on equilibrium price
• D) increase in economic rent
• E) ambiguous effect on equilibrium price and an increase in equilibrium quantity

---

Definitions:

Secular

Not related to anything religious or spiritual.

Sikh

A follower of Sikhism, a monotheistic religion that originated in the Punjab region of India during the 15th century.

Muslim

Pertains to an adherent of Islam, a monotheistic Abrahamic religion based on the Quran as considered by its followers to be the verbatim word of God.

Hindu

Pertaining to Hinduism, a major world religion originating on the Indian subcontinent and comprising several and varied systems of philosophy, belief, and ritual.