In Which of the Following Cases Will the Effect on Equilibrium

question 22

Multiple Choice

In which of the following cases will the effect on equilibrium output be indeterminate (i.e.,depend on the magnitudes of the shifts in supply and demand) ?

• A)Demand increases and supply increases
• B)Demand decreases and supply decreases
• C)Demand decreases and supply increases
• D)Demand remains constant and supply increases

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Definitions:

Good for Organization

Actions, policies, or strategies that are beneficial for the overall health, performance, and success of an organization.

Self-Serving Decisions

Actions and judgments made by individuals that benefit themselves, often at the expense of others or ethical principles.

Organization Interest

Refers to the priorities, goals, or concerns that an organization focuses on or advocates for.

Norm of Reciprocity

The norm of reciprocity is a social expectation that people will respond to each other in kind, returning benefits for benefits and responding with either neutrality or hostility to harms.