An increase in both supply and demand, all else remaining constant, will always lead to

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    A shift to the right in both the supply and demand curves, resulting in a higher equilibrium quantity but the effect on the equilibrium price is unknown without additional information.
     A shift to the right in both curves, resulting in a higher equilibrium quantity and higher equilibrium price.
     A shift to the left in both curves, resulting in a lower equilibrium quantity and a lower equilibrium price.
     A shift to the right in both the supply and demand curves, resulting in a higher equilibrium price but the effect on the equilibrium quantity is unknown without further information.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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A shift to the right in both the supply and demand curves, resulting in a higher equilibrium quantity but the effect on the equilibrium price is unknown without additional information.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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