Multiple Choice
Suppose both supply and demand increase.What effect will this have on the equilibrium price?
A) It will fall.
B) It will rise.
C) It may rise or fall.
D) It will remain the same.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: When quantity demanded exceeds quantity supplied:<br>A) there
Q48: You are an aide for the Senate
Q49: Consider a market characterized by the following
Q50: Consider a market characterized by the following
Q51: The law of supply states that,holding all
Q53: Suppose the demand for X is given
Q54: Suppose there is a simultaneous increase in
Q55: When an effective price ceiling is in
Q56: Firms advertise in order to cause the
Q57: In a competitive market,the market demand is