1. If demand for a good increases and supply remains constant equilibrium price:
A. And quantity will both increase
B. Will increase, and equilibrium quantity will decrease
C. Will decrease, and equilibrium quantity will increase
D. And quantity will both decrease
2. An increase in demand and an increase in supply will:
A. Affect price in an indeterminate way and decrease the equilibrium quantity
B. Increase price and increase the equilibrium quantity
C. Affect price in an indeterminate way and increase the equilibrium quantity
D. Decrease price and increase the equilibrium quantity
A. And quantity will both increase
B. Will increase, and equilibrium quantity will decrease
C. Will decrease, and equilibrium quantity will increase
D. And quantity will both decrease
2. An increase in demand and an increase in supply will:
A. Affect price in an indeterminate way and decrease the equilibrium quantity
B. Increase price and increase the equilibrium quantity
C. Affect price in an indeterminate way and increase the equilibrium quantity
D. Decrease price and increase the equilibrium quantity