A rise in supply and demand in equal proportion will result in __________.

Increase in equilibrium price and decrease in equilibrium quantity

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Decrease in equilibrium price and increase in equilibrium quantity

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No change in equilibrium price and increase in equilibrium quantity

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Increase in equilibrium price and no change in equilibrium quantity

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Solution

The correct option is C No change in equilibrium price and increase in equilibrium quantity
A rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity.

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Similar questions

An increase in demand leads to a decrease in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a rise in both the equilibrium price and the equilibrium quantity.

When both demand and supply increase, the equilibrium quantity rises but the change in equilibrium price is ambiguous.

Q. When demand decreases and there is no change in supply, both equilibrium price and quantity will _________.

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Q.
What will be the effect on equilibrium price and quantity of an increase in equal proportion of demand and supply of a commodity?

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A rise in supply and demand in equal proportion will result in __________.

The correct option is C No change in equilibrium price and increase in equilibrium quantityA rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity.

The correct option is C No change in equilibrium price and increase in equilibrium quantity
A rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity.