Assume That Both the Demand Curve and the Supply Curve

Multiple Choice

Assume that both the demand curve and the supply curve for smart phones shift to the right but the demand curve shifts more than the supply curve.As a result

A) both the equilibrium price and quantity of smart phones will increase.
B) the equilibrium price of smart phones will increase; the equilibrium quantity may increase or decrease.
C) the equilibrium price of smart phones may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of smart phones will decrease; the equilibrium quantity may increase or decrease.