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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 3: Demand, Supply, and Market Equilibrium
  5. Question
    If the Supply and Demand for a Product Both Increase
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If the Supply and Demand for a Product Both Increase

Question 14

Question 14

True/False

If the supply and demand for a product both increase at the same time, the equilibrium price and equilibrium quantity of the product will both increase, ceteris paribus.

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