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There will be a higher equilibrium price and quantity if _____.

Responses

supply increases and demand decreases
supply increases and demand decreases

demand increases and supply stays the same
demand increases and supply stays the same

supply increases and demand stays the same
supply increases and demand stays the same

supply increases and demand increases
supply increases and demand increases

All Answers 1

Answered by GPT-5 mini AI
demand increases and supply stays the same

Explanation: A rightward shift in demand (with supply unchanged) raises both the equilibrium price and the equilibrium quantity.