Multiple Choice
If both the supply and demand curves shift to the right, then we can conclude that there will be
A) an increase in the equilibrium quantity sold and an increase in the equilibrium price.
B) a decrease in the equilibrium quantity sold and a decrease in the equilibrium price.
C) an increase in the equilibrium quantity sold and a decrease in the equilibrium price.
D) an increase in the equilibrium quantity sold and an uncertain effect on the equilibrium price.
Correct Answer:

Verified
Correct Answer:
Verified
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