Which of the following could lead to an increase in the equilibrium quantity of a good?
A) a decrease in supply and a decrease in demand
B) an increase in the price of an input
C) an increase in demand and an increase in supply
D) a decrease in demand regardless of supply
E) a decrease in technology

Question

Quizplus · Accepted Answer

An increase in both demand and supply will lead to an increase in equilibrium quantity. This is because an increase in demand means that consumers are willing and able to buy more of the good at every price, while an increase in supply means that producers are willing and able to supply more of the good at every price. As a result, the equilibrium quantity, where quantity demanded equals quantity supplied, will increase.

Which of the Following Could Lead to an Increase in the Equilibrium