We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will increase when supply and demand for a product simultaneously increase. supply and demand for a product simultaneously decrease. supply decreases and demand increases. supply increases and demand decreases.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.