Economics · Market Equilibrium
If the increase in demand is greater than the increase in supply, what will be the effect on the equilibrium price?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It will remain unaffected
- 2It will increase✓
- 3It will decrease
- 4It cannot be determined without precise values
Correct answer
It will increase
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