Question: Without more information, the supply and demand model cannot predict the effect on price of: a) a simultaneous increase in demand and increase in supply.

Without more information, the supply and demand model cannot predict the effect on price of:

a) a simultaneous increase in demand and increase in supply.

b) a simultaneous decrease in demand and increase in supply.

c) a demand increase, with supply being the same.

d) a simultaneous increase in demand and decrease in supply.

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