Q69
A rise in supply and demand in equal proportion will result in
A.
Increase in equilibrium price and equilibrium quantity
B.
Decrease in equilibrium price and increase in equilibrium quantity
C.
No change in equilibrium price and increase in equilibrium quantity
AnswerD.
Increase in equilibrium price and no change in equilibrium quantity
Answer: Option C
Solution
Answer: Option C
Solution:
A rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity.