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    Microeconomics Study Set 34
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    Exam 3: Demand and Supply
  5. Question
    If Both the Demand and Supply Increase, the Equilibrium Quantity
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If Both the Demand and Supply Increase, the Equilibrium Quantity

Question 18

Question 18

Multiple Choice

If both the demand and supply increase, the equilibrium quantity _______ and the equilibrium price _______.


A) increases; falls
B) decreases; rises
C) decreases; might rise, fall or not change
D) increases; might rise, fall or not change

Correct Answer:

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