It Is Not Possible for Demand and Supply to Shift

question 169

True/False

It is not possible for demand and supply to shift at the same time.

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Definitions:

Radio Generation

A term that may refer to the cohort of people who grew up listening to the radio as their primary form of entertainment.

Baby Boomers

The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964.

Generation X

The demographic cohort following the baby boomers, typically defined as being born from the early-to-mid 1960s to the early 1980s.

Generation Y

Generation Y, also known as Millennials, refers to the demographic cohort born approximately between the early 1980s and the late 1990s to early 2000s.