An increase in both the equilibrium price and the equilibrium quantity of a good could not have been caused by a shift in supply alone.

Question

Quizplus · Accepted Answer

An increase in both the equilibrium price and equilibrium quantity typically results from an increase in demand. A shift in supply alone, particularly an increase, would generally lead to a lower equilibrium price and a higher equilibrium quantity, not an increase in both.

An Increase in Both the Equilibrium Price and the Equilibrium