Suppose Both Supply and Demand Increase

question 39

Multiple Choice

Suppose both supply and demand increase.What effect will this have on the equilibrium quantity?

• A) It will fall.
• B) It will rise.
• C) It may rise or fall.
• D) It will remain the same.

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Definitions:

Society

A group of individuals living together in a more or less ordered community, often sharing common cultural and social norms.

Public Park

An area of natural, semi-natural, or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats.

Merchants

Merchants are individuals or businesses engaged in the commercial trading of goods and services, often acting as intermediaries between producers and consumers.

Society's Point of View

Society's Point of View considers the interests, needs, and values of the community or larger collective, often in the context of decision-making or assessing impacts.