The equilibrium price will increase if demand and supply both increase by equal amounts.

Name: The equilibrium price will increase if demand and supply both increase by equal amounts.
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Question

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If demand and supply both increase by equal amounts, the equilibrium quantity will increase, but the equilibrium price will remain the same. If both demand and supply increase by different amounts, the equilibrium price will change depending on the direction and magnitude of the changes.

The Equilibrium Price Will Increase If Demand and Supply Both