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If Both Market Demand and Supply Increase Simultaneously, Then Equilibrium

question 160

Multiple Choice

If both market demand and supply increase simultaneously, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.


Definitions:

Prototype

A typical or initial model of something from which other forms are developed or copied, often used in the context of design and innovation.

Exemplar

A representative example of a category or class, often used to illustrate or explain concepts.

Prototype

A typical or standard example of a particular category or concept, serving as a representative model.

Category

A category is a class or division of people or things regarded as having particular shared characteristics.

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