When Both Curves Shift

question 108

Multiple Choice

When both curves shift

• A) equilibrium price is always indeterminate.
• B) equilibrium quantity is always indeterminate.
• C) equilibrium price and equilibrium quantity are indeterminate.
• D) equilibrium price or equilibrium quantity is indeterminate,but we can't predict which one.
• E) neither equilibrium price nor equilibrium quantity is indeterminate.

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Definitions:

Obedience

The act of following directions or commands from authority figures, often seen as a form of social influence.

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A measure of a person's intelligence as indicated by an intelligence test, relative to the age of the individual.

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A measure of an individual's cognitive development, expressed as the age at which an average individual reaches the same level of mental performance.

Chronological Age

The number of years a person has lived, as measured from their birth to a given date.