Multiple Choice
Assume that supply increases slightly and demand increases greatly.What will happen to equilibrium price and quantity?
A) Equilibrium price will fall, and equilibrium quantity will rise.
B) Equilibrium price will rise, and equilibrium quantity will fall.
C) Equilibrium price will rise, and equilibrium quantity will rise.
D) Equilibrium price will fall, and equilibrium quantity will fall.
Correct Answer:

Verified
Correct Answer:
Verified
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