If both the supply curve and demand curve shift to the RIGHT at the SAME TIME, equilibrium quantity will definitely increase and equilibrium price will Group of answer choices - definitely increase. - definitely decrease. - definitely stay the same. - either increase, decrease, or stay the same, depending on which curve shifts the farthest.
If both the supply curve and demand curve shift to the RIGHT at the SAME TIME, equilibrium quantity will definitely increase and equilibrium price will Group of answer choices - definitely increase. - definitely decrease. - definitely stay the same. - either increase, decrease, or stay the same, depending on which curve shifts the farthest.
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 6.14P
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(Draw this out to check your work) If both the supply curve and demand curve shift to the RIGHT at the SAME TIME, equilibrium quantity will definitely increase and equilibrium price will
Group of answer choices
- definitely increase.
- definitely decrease.
- definitely stay the same.
- either increase, decrease, or stay the same, depending on which curve shifts the farthest.
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