Which of the following events must cause equilibrium quantity to rise?
A)demand increases and supply decreases
B)demand and supply both decrease
C)demand decreases and supply increases
D)demand and supply both increase

Question

Quizplus · Accepted Answer

When demand and supply both increase, the equilibrium quantity must rise because both factors are pushing for more goods to be produced and sold in the market. This results in an increase in the quantity demanded and supplied, leading to a higher equilibrium quantity.

Which of the Following Events Must Cause Equilibrium Quantity to Rise