• Assume in a simple example that two changes occur simultaneously in an economy which produces "Good X".
• The economic changes that occurs in the market are: 1) An increase in the number of seller/producers in the economy who make "Good X", and 2) An increase in the number of consumers who purchase "Good X".
• Assume that this is a competitive market, what will happen to themarket selling priceand themarket quantitythat is bought and sold in the market for "Good X"?