Multiple Choice
If both demand and supply increase, then the equilibrium price
A) falls but the equilibrium quantity increases.
B) falls, and the equilibrium quantity could either increase or decrease.
C) could either rise or fall, but the equilibrium quantity increases.
D) and equilibrium quantity increases.
E) rises, and the equilibrium quantity could either increase or decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: The cost of producing aspirin increases at
Q35: The demand curve slopes downward to the
Q36: Use the table below to answer the
Q37: Bottled water and health club memberships are<br>A)complements
Q38: The price of good X falls and
Q40: The price of a good will fall
Q41: Use the table below to answer the
Q42: Use the figure below to answer the
Q43: Use the figure below to answer the
Q44: Use the figure below to answer the