Multiple Choice
Consider the market for a good that is initially in equilibrium.Which of these is most likely to occur if both demand and supply for this good increases during a particular point in time?
A) Equilibrium price will increase
B) Equilibrium price will decrease
C) Equilibrium quantity will increase
D) Equilibrium quantity will decrease
E) Both equilibrium price and equilibrium quantity will decrease
Correct Answer:
Verified
Correct Answer:
Verified
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