When a Supply Curve or a Demand Curve Shifts, the Equilibrium

question 263

True/False

When a supply curve or a demand curve shifts, the equilibrium price and equilibrium quantity change.

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Definitions:

Factoring

The process of breaking down an expression into a product of simpler expressions, often used to simplify expressions or solve equations.

Integers

Whole values including positive, negative, and zero without any fractions or decimals fall under the category of integers.

Factor

In mathematics, a factor is a number or expression that divides another number or expression evenly, without leaving a remainder.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but does not have an equal sign.