If Both Market Demand and Supply Increase Simultaneously by the Same

question 37

Multiple Choice

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

• A)​Not change; decrease
• B)​increase; increase
• C)​increase; not change
• D)​None of the above are correct

---

Definitions:

Social Standards

Accepted behaviors, norms, and values within a society or group that guide individuals' actions and interactions.

Mexican Immigrants

Individuals from Mexico who move to another country, typically in search of better living conditions, work, or education opportunities.

Strengthening Cooperation

The process or efforts made towards enhancing collaborative and supportive interactions among individuals or groups to achieve shared objectives or improve outcomes.

Asia

The largest continent on Earth, home to over half the world's population and consisting of 49 countries, including China, India, and Japan.