If Both the Supply and Demand Curves Shift Simultaneously, We

question 95

Multiple Choice

If both the supply and demand curves shift simultaneously, we can ALWAYS predict what will happen to

• A) both the price and the quantity.
• B) either the price or the quantity, but not both.
• C) only the quantity.
• D) only the price.
• E) neither the price nor the quantity.

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Definitions:

Protein

A large, complex organic compound composed of covalently linked amino acid subunits; contains carbon, hydrogen, oxygen, nitrogen, and sulfur.

Cholesterol

A waxy type of lipid that is essential for the formation of cell membranes, certain hormones, and vitamin D, but high levels can lead to health issues.

Cystic Fibrosis

A genetic disease with an autosomal recessive inheritance pattern;

CFTR Protein

A protein that functions as a channel transporting chloride ions across cell membranes, mutations of which cause cystic fibrosis.