When the supply and demand for a good both increase Selected Answer: equilibrium price will decrease Answers: equilibrium price will decrease equilibrium price may increase, decrease, or remain unchang equilibrium price will increase. equilibrium price will increase if we are dealing with a normal

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter4: Markets In Action
Section: Chapter Questions
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I just need an explanation on why thats the correct answer instead of the answer I put.

When the supply and demand for a good both increase
Selected Answer:
equilibrium price will decrease
Answers:
equilibrium price will decrease
equilibrium price may increase, decrease, or remain unchanged.
equilibrium price will increase.
equilibrium price will increase if we are dealing with a normal good.
Transcribed Image Text:When the supply and demand for a good both increase Selected Answer: equilibrium price will decrease Answers: equilibrium price will decrease equilibrium price may increase, decrease, or remain unchanged. equilibrium price will increase. equilibrium price will increase if we are dealing with a normal good.
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