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What happens to equilibrium price and quantity when there is a simultaneous increase in demand and increase in supply? Group of answer choices We expect
What happens to equilibrium price and quantity when there is a simultaneous increase in demand and increase in supply?
Group of answer choices
We expect equilibrium quantity to increase, but equilibrium price is indeterminate.
We expect equilibrium quantity to decrease, but equilibrium price is indeterminate.
We expect equilibrium price to decrease, but equilibrium quantity is indeterminate.
We expect equilibrium price to increase, but equilibrium quantity is indeterminate.
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