if-both-the-demand-and-supply-curves-shift-to-the-right-what-can-be-said-about-t

Question

If both the demand and supply curves shift to the right, what can be said about the new equilibrium price and quantity?

Accepted Answer

The new equilibrium quantity will increase, but the change in price is uncertain.

Answer

Both the new equilibrium price and quantity will remain the same.

Answer

The new equilibrium price will increase, but the change in quantity is uncertain.

Answer

Both the new equilibrium price and quantity will decrease.