Let’s make it clearly black and white.
This black and white photo is very lovely.
I agree that Kanae always wears very chic clothes, but today that black and white dress just makes her look like a panda, doesn’t it?
Something is both white and black. It is black and white (you can also say white and black if you prefer).
The readings are kun'yomi, but you should have seen both 白 and 黒い separately as vocabulary by now. It's the same readings here, so you can apply that knowledge and read this word!