Exit CPA-TEST Certified Public Accountant Test: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, Regulation
Question 1 of 5
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Q1 Single choice

In any competitive market, an equal increase in both demand and supply can be expected to always:

  • A

    Increase both price and market-clearing quantity.

  • B

    Increase market-clearing quantity.

  • C

    Increase price.

  • D

    Decrease price.

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