Multiple Choice
When supply increases and demand increases, what happens to equilibrium price and quantity?
A) Price always increases, and quantity always decreases.
B) We don't know what happens to price without knowing if supply changed more or less than demand; quantity always increases.
C) Price always decreases, and quantity always increases.
D) Price increases; we don't know what happens to quantity without knowing if supply changed more or less than demand.
Correct Answer:
Verified
Correct Answer:
Verified
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