ompleted 60 out of 60 stion 11 of 60 <. If both the supply of and the demand for a good increase simultaneously equilibrium quantity increases and the effect on equilibrium price is indeterminate. equilibrium price and equilibrium quantity both increase. equilibrium price increases and the effect on equilibrium quantity is indeterminate. O the effect on both equilibrium price and equilibrium quantity is indeterminate.

ompleted 60 out of 60 stion 11 of 60 <. If both the supply of and the demand for a good increase simultaneously equilibrium quantity increases and the effect on equilibrium price is indeterminate. equilibrium price and equilibrium quantity both increase. equilibrium price increases and the effect on equilibrium quantity is indeterminate. O the effect on both equilibrium price and equilibrium quantity is indeterminate.

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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