Which of the following will definitely occur when there is a simultaneous increase in supply?

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'If the price of a good is above equilibrium price then; (a) There is a surplus and the price will rise_ There is a surplus and the price will fall There is shortage and the price will fall (d) The quantity demanded is equal to the quantity supplied and the price remains unchanged'

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The answer is there is a surplus and price will fall. It is the correct option. The concept of equilibrium price is that when demand increases, price increases to get equilibrium in the market. Price also decreases to get equilibrium in the market. If the price is above the equilibrium level, then the demand is going to go down and the supply is going to go up, which will cause a surplus axis supply in the economy. B is the correct choice. There is a surplus and the price will go down. This is the answer, so here. There is the explanation. Please go through this, please. Thank you for taking the time to say thank you.

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8) Which of the following will definitely occur when there is a simultaneous increase in demand and anincrease in supply?A) an increase in equilibrium priceB) a decrease in equilibrium priceC) an increase in equilibrium quantityD) a decrease in equilibrium quantity

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Which of the following will definitely occur when there is a simultaneous increase in demand and increase in supply?

What happens when demand and supply increase simultaneously?

Which of the following will definitely occur when there is a simultaneous decrease in demand and a decrease in supply part 2?

What happens when there is an increase in supply?