Solved

If Both the Demand and Supply Increase, the Equilibrium Quantity

Question 440

Multiple Choice

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


A) increases; falls
B) decreases; might rise, fall, or not change
C) decreases; rises
D) increases; might rise, fall, or not change

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions