Multiple Choice
Without the aid of a graph,one can say definitively that,if both supply and demand increase simultaneously,the new equilibrium price is ___________ and the new equilibrium quantity is _________________.
A) lower;lower
B) lower;indeterminate
C) indeterminate;higher
D) indeterminate;lower
E) higher;indeterminate
Correct Answer:
Verified
Correct Answer:
Verified
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