Answer:
The correct answer is: increase; increase.
Explanation:
Suppose in the market for online tutoring, there is an increase in the supply of online tutors during the final week. This will cause the supply curve to shift to the right. At the same time, the demand for online tutors increases more than supply. This will cause a rightward shift in the demand curve as well.
The rightward shift in both curves will cause the equilibrium quantity to increase. Since the increase in demand is greater than the increase in supply, the equilibrium price will increase as well.
Answer:
Consumer spending is an important economic indicator because it usually coincides with the overall consumer confidence in a nation's economy. High consumer confidence indicators usually relate to higher levels of consumer spending in the economic market