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If Both Demand and Supply Increase, What Will Be the Effect

Question 163

Multiple Choice

If both demand and supply increase, what will be the effect on the equilibrium price and quantity?


A) The price will fall but the quantity will increase.
B) Both the price and the quantity will increase.
C) The quantity will increase but the price could either rise, fall, or remain the same.
D) The price will rise but the quantity could either increase, decrease, or remain the same.

Correct Answer:

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