If Both the Supply and Demand Curves Shift Simultaneously,we Can

question 32

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 price.
• D) only the quantity.
• E) neither the price nor the quantity.

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Definitions:

Issue-by-issue Final Offer

A bargaining strategy where each issue is negotiated separately, and final offers are made for each issue rather than a collective final offer covering all points.

Arbitrator

A neutral third party chosen to settle a dispute or interpret contract terms between two other parties, typically outside the court system.

Whole Package

An all-encompassing term often used in negotiations or deals, referring to the total set of benefits, features, or offerings provided.

Narcotic Effect

A concept in psychology and sociology referring to the diminished response of an individual or group to a stimulus or event due to repeated exposure over time.