13. Assume the typical shapes of the demand and supply curves. If both demand and supply...

Transcribed Image Text:

13. Assume the typical shapes of the demand and supply curves. If both demand and supply increase in a competitive market, the equilibrium price will O rise if demand increases more than supply increases remain unchanged O always fall always rise O fall if demand increases more than supply increases 13. Assume the typical shapes of the demand and supply curves. If both demand and supply increase in a competitive market, the equilibrium price will O rise if demand increases more than supply increases remain unchanged O always fall always rise O fall if demand increases more than supply increases

Answer rating: 100% (QA)

option 2 is correct remain Unchanged Explanation If ... View the full answer