Market for a good is in equilibrium what is the effect of equilibrium price and quantity if both market demand and market supply rises in the same proportion

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Solution

Dear Student,
When the market demand and market supply rises in the same proportion there will be no effect on the equilibrium price but increase in the equilibrium quantity. Equilibrium point will shift rightwards.
Regards

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Market for a good is in equilibrium what is the effect of equilibrium price and quantity if both market demand and market supply rises in the same proportion

Dear Student, When the market demand and market supply rises in the same proportion there will be no effect on the equilibrium price but increase in the equilibrium quantity. Equilibrium point will shift rightwards. Regards

Dear Student,
When the market demand and market supply rises in the same proportion there will be no effect on the equilibrium price but increase in the equilibrium quantity. Equilibrium point will shift rightwards.
Regards