When both the Supply and Demand curves increase, then: . The equilibrium price will certainly increase. We cannot predict what the movement might be for the equilibrium quantity, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves) . The equilibrium quantity will certainly increase. We cannot predict what the movement might be for the equilibrium price, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly decrease (i.e., regardless of the relative shifts of the two curves)
When both the Supply and Demand curves increase, then: . The equilibrium price will certainly increase. We cannot predict what the movement might be for the equilibrium quantity, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves) . The equilibrium quantity will certainly increase. We cannot predict what the movement might be for the equilibrium price, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly decrease (i.e., regardless of the relative shifts of the two curves)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
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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