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Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If the demand for grapes increases simultaneously with an increase in the supply of grapes, we can say that

category

economics

options

  1. equilibrium quantity rises, and the price rises.
  2. equilibrium quantity rises, but the price change is ambiguous.
  3. equilibrium quantity stays the same, but the price rises.
  4. equilibrium quantity falls, but the price rises.
  5. equilibrium quantity is ambiguous, but the price rises.
  6. both equilibrium quantity and price stay the same.
  7. equilibrium quantity falls, and the price falls.
  8. equilibrium quantity rises, but the price falls.
  9. equilibrium quantity stays the same, and the price falls.
  10. equilibrium quantity falls, but the price change is ambiguous.

src

ori_mmlu-high_school_microeconomics

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