If the demand and supply curves increase (shift outward) by identical proportions then
a. equilibrium price stays the same and quantity rises.
b. equilibrium price and quantity both increase.
c. equilibrium price and quantity do not change.
d. equilibrium price increases but quantity falls.

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased. b. the company's times interest earned ratio decreased. c. the company's basic earning power ratio increased. d. the company's equity multiplier increased. e. the company's debt ratio increased.