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1.In the net, how are price (P) and quantity (Q) changed by a simultaneous increase in demand and supply? Price increases and quantity is ambiguous.

1.In the net, how are price (P) and quantity (Q) changed by a simultaneous increase in demand and supply?

Price increases and quantity is ambiguous. (Dependent upon how large of a shift in supply/demand)

2.In the net, how are price (P) and quantity (Q) changed by a simultaneous increase in demand and decrease in supply?

Price increases and quantity is ambiguous. (Dependent upon how large of a shift in supply/demand)

3.In the net, how are price (P) and quantity (Q) changed by a simultaneous decrease in demand and increase in supply?

Price decreases, quantity ambiguous.

Can someone please explain in detail why and how questions 1-3 ended up with given answers?

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