Multiple Choice
Related to the Economics in Practice on p. 77: If the supply of generators increases and the demand for generators increases, the equilibrium price for generators ________ and the equilibrium quantity of generators ________.
A) will increase; will decrease
B) will increase; may increase, decrease, or stay the same
C) may increase, decrease, or stay the same; will increase
D) may increase; decrease, or stay the same; may increase, decrease, or stay the same
Correct Answer:
Verified
Correct Answer:
Verified
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