Question: If both the supply and demand increase, then the equilibrium price and the equilibrium quantity ____. A. rises; might increase, decrease, or not change B.


If both the supply and demand increase, then the equilibrium price and the equilibrium quantity ____. A. rises; might increase, decrease, or not change B. falls; might increase, decrease, or not change C. might rise, fall, or not change; decreases D. might rise, fall, or not change; increases
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
