Question 31
HardOriginal questionDemand and supply both increase by the same amount. Which is certain?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Both shifts push quantity up.
The demand shift pushes price up and the supply shift pushes it down by the same amount, so price is unchanged.
- Concept
- Equal increases in demand and supply
- Typical timeTypical
- 100 s
- Your timeYours
- —
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