An increase in both the equilibrium price and quantity can be the result of A) None of these answers is correct. B) an increase in demand. C) an increase in supply. D) a decrease in demand.
An increase in both the equilibrium price and quantity can be the result of A) None of these answers is correct. B) an increase in demand. C) an increase in supply. D) a decrease in demand.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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