If both demand and supply change simultaneously, the effect on either price or quantity will be .
Question
Solution 1
The effect on price or quantity when both demand and supply change simultaneously can be ambiguous and depends on the magnitude and direction of the changes.
Here are the possible scenarios:
- If demand and supply both increase, quantity will definitely increase. However, the effect on price is Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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