In which instance will both the equilibrium price and quantity rise?

When demand and supply increase, but the rise in demand exceeds the rise in supply

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When demand and supply increase, but the rise in supply exceeds the rise in demand

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When demand and supply decline, but decline in the demand exceeds the decline in supply

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When demand and supply decline, but the decline in supply exceeds decline in the demand

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Solution

The correct option is A
When demand and supply increase, but the rise in demand exceeds the rise in supply

When demand and supply increase, but the rise in demand exceeds the rise in supply.

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Similar questions

In which instance can we observe a rise in the equilibrium price accompanied by a decline in the equilibrium quantity?

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.

If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:

If equilibrium price rises but equilibrium quantity remains unchanged, the cause is _____________.

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In which instance will both the equilibrium price and quantity rise?

The correct option is A When demand and supply increase, but the rise in demand exceeds the rise in supply When demand and supply increase, but the rise in demand exceeds the rise in supply.

The correct option is A
When demand and supply increase, but the rise in demand exceeds the rise in supply

When demand and supply increase, but the rise in demand exceeds the rise in supply.