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:

Randomly Assign

A method in research where participants are allocated to different groups or conditions in a completely unpredictable manner to ensure objectivity.

Between-Subjects Design

Participants are exposed to only one level of the independent variable

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Emphasis

Special importance, value, or prominence given to something.