Suppose the Market for a Good Is Initially in Equilibrium

Multiple Choice

Suppose the market for a good is initially in equilibrium. Which of the following is most likely to occur if both the demand for and the supply of the good increases during a particular point in time?

A) The equilibrium price will increase.
B) The equilibrium price will decrease.
C) The equilibrium quantity will increase.
D) The equilibrium quantity will decrease.
E) Both the equilibrium price and equilibrium quantity will decrease.