Poll
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Q42/50: Identify the correct possible outcome when the supply and demand curves shift in the same direction.
🔤 Options:
A) (a) When demand increases and supply decreases, the equilibrium price rises, but nothing certain can be said about the change in equilibrium quantity.
B) (b) When both demand and supply increase, the equilibrium quantity increases, but the change in equilibrium price is uncertain.
C) (c) When both demand and supply decrease, the equilibrium quantity increases, but the change in equilibrium price is uncertain.
D) (d) When demand decreases and supply increases, the equilibrium price falls, but nothing certain can be said about the change in equilibrium quantity.