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Question
When both demand and supply curve shift rightward,_______.
When both demand and supply curve shift rightward,_______.
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Solution
The correct option is D Both A and B
When both the demand curve and the supply curve shift rightward, the equilibrium quantity increases, but the equilibrium price may increase, decrease or remain unchanged, depending on the magnitude of shifts in the the two curves.
When both the demand curve and the supply curve shift rightward, the equilibrium quantity increases, but the equilibrium price may increase, decrease or remain unchanged, depending on the magnitude of shifts in the the two curves.
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