I need the answer as soon as possible 69. A rise in supply and demand inequal proportion will result inIncrease in equilibrium price andequilibrium quantityA.B. O Decrease in equilibrium price andincrease in equilibrium quantityC. O No change in equilibrium price andincrease in equilibrium quantityD. O Increase in equilibrium price and nochange in equilibrium quantity

To find : What will happen when rise in supply and equal proportion

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Economics

A rise in supply and demand in equal proportion will result in

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

I need the answer as soon as possible

69. A rise in supply and demand in
equal proportion will result in
Increase in equilibrium price and
equilibrium quantity
A.
B. O Decrease in equilibrium price and
increase in equilibrium quantity
C. O No change in equilibrium price and
increase in equilibrium quantity
D. O Increase in equilibrium price and no
change in equilibrium quantity

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