if-demand-increases-significantly-while-supply-increases-slightly-what-is-the-li

Question

If demand increases significantly while supply increases slightly, what is the likely effect on equilibrium price and quantity?

Accepted Answer

Equilibrium price increases, and equilibrium quantity increases.

Answer

Equilibrium price is ambiguous, and equilibrium quantity decreases.

Answer

Equilibrium price decreases, and equilibrium quantity is ambiguous.

Answer

Both equilibrium price and quantity are ambiguous.