Multiple Choice
Assume both the demand for bagels and the supply of bagels increase. Which of the following outcomes is certain to occur?
A) The equilibrium price of bagels will rise.
B) The equilibrium quantity of bagels will rise.
C) The equilibrium price of bagels will fall.
D) The equilibrium quantity of bagels will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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