When both demand and supply increase, the equilibrium quantity __________ but the change in equilibrium price is __________.
CA Foundation · Business Economics · PYQS · January 2025
When both demand and supply increase, the equilibrium quantity __________ but the change in equilibrium price is __________.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. increases, uncertain
Topics: Theory of Demand and Supply
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