When demand and supply both increase, the equilibrium price . (2024)

The correct option is D is ambiguous
If the increase in demand is more than the increase in supply, the equilibrium price increases. If the increase in demand is less than the increase in supply, the equilibrium price decreases. In both cases, equilibrium quantity increases.


When demand and supply both increase, the equilibrium price . (2024)
Top Articles
Latest Posts
Article information

Author: Edwin Metz

Last Updated:

Views: 6365

Rating: 4.8 / 5 (78 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Edwin Metz

Birthday: 1997-04-16

Address: 51593 Leanne Light, Kuphalmouth, DE 50012-5183

Phone: +639107620957

Job: Corporate Banking Technician

Hobby: Reading, scrapbook, role-playing games, Fishing, Fishing, Scuba diving, Beekeeping

Introduction: My name is Edwin Metz, I am a fair, energetic, helpful, brave, outstanding, nice, helpful person who loves writing and wants to share my knowledge and understanding with you.