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If Both Market Demand and Supply Increase Simultaneously by the Same

Question 37

Multiple Choice

If both market demand and supply increase simultaneously by the same magnitudes, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.


A) ​Not change; decrease
B) ​increase; increase
C) ​increase; not change
D) ​None of the above are correct

Correct Answer:

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