If the Demand and Supply Both Increase Equally,then the Equilibrium

question 24

Multiple Choice

If the demand and supply both increase equally,then the equilibrium price ________ and the equilibrium quantity ________.

• A) increases; increases
• B) increases; does not change
• C) does not change; increases
• D) increases; decreases
• E) decreases; does not change

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Definitions:

Biblical Teachings

Concepts, moral guidelines, and stories derived from the Bible, which serve as a foundation for Christian beliefs and behaviors.

Escape To Freedom

The act of fleeing from captivity or oppression to a state of liberty, often used in the context of slaves escaping bondage.

Maryland

A U.S. state characterized by its rich history, including influential roles in the early colonial period, the American Revolution, and the Civil War.