Author Question: If both demand and supply increase, what will be the effect on the equilibrium price and quantity? ... (Read 88 times)

serike · **on:** Jun 29, 2018

If both demand and supply increase, what will be the effect on the equilibrium price and quantity?

A) Both the price and the quantity will increase.
B) The quantity will increase but the price could either rise, fall, or remain the same.
C) The price will fall but the quantity will increase.
D) The price will rise but the quantity could either increase, decrease, or remain the same.

Question 2

Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?

A) 10
B) 40
C) 60
D) 100