If the supply of and demand for a product increase at the same time, then equilibrium O quantity and equilibrium price must both decline. O quantity must decline, but equilibrium price may either rise, fall, or remain unchanged. O price must fall, but equilibrium quantity may either rise, fall, or remain unchanged. O quantity must increase, but equilibrium price may either rise, fall, or remain unchanged.

MACROECONOMICS
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Chapter4: Supply And Demand: An Initial Look
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If the supply of and demand for a product increase at the same time, then equilibrium
O quantity and equilibrium price must both decline.
O quantity must decline, but equilibrium price may either rise, fall, or remain
unchanged.
O price must fall, but equilibrium quantity may either rise, fall, or remain
unchanged.
O quantity must increase, but equilibrium price may either rise, fall, or remain
unchanged.
Transcribed Image Text:If the supply of and demand for a product increase at the same time, then equilibrium O quantity and equilibrium price must both decline. O quantity must decline, but equilibrium price may either rise, fall, or remain unchanged. O price must fall, but equilibrium quantity may either rise, fall, or remain unchanged. O quantity must increase, but equilibrium price may either rise, fall, or remain unchanged.
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