Question

Suppose the demand for corn increases while at the same time the supply of corn also increases. As a result, the equilibrium price of corn __________ and the equilibrium quantity of corn __________.

Answer 1

Answer:

Rise, fall, or remain unchanged and equilibrium quantity of corn will increase.

Explanation:

In this case, the equilibrium price of corn might RISE, FALL, or NOT CHANGE while the equilibrium quantity of corn increases.

Answer 2

Answer:

Rise, fall, or remain unchanged and equilibrium quantity of corn will increase.

Explanation:

In this case, the equilibrium price of corn might RISE, FALL, or NOT CHANGE while the equilibrium quantity of corn increases.