An increase in demand and an increase in supply will lead to:_______

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06-01-2021
Business

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An increase in demand and an increase in supply will lead to:_______

Sagot :

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AbsorbingMan AbsorbingMan · Answer 1 · 2021-01-06T20:24:41-05:00

Answer:

increase in the equilibrium quantity

Explanation:

The equilibrium quantity for a product is defined as a point where the supply of a product is equal to the demand of that product. The demand curve as well as the supply curve have opposite trajectories and they eventually intersects creating an economic equilibrium and a equilibrium quantity.

Whenever there is an increase in the supply and an increase in the demand of a product, it will lead to the increase in the equilibrium quantity of the product.

Sagot :

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