A Simultaneous Increase in Demand and Decrease in Supply Would

Multiple Choice

A simultaneous increase in demand and decrease in supply would lead to:

A) ​An increase in the equilibrium price and a decrease in the quantity sold.
B) ​An increase in both the equilibrium price and the quantity sold.
C) ​A decrease in both the equilibrium price and the quantity sold.
D) ​An uncertain effect on the equilibrium quantity but an increase in the equilibrium price.