The Change in an Equilibrium Value Is Sometimes Indeterminate Due

question 16

Multiple Choice

The change in an equilibrium value is sometimes indeterminate due to the fact that

• A) it is possible for demand to increase or decrease more than supply increases or decreases.
• B) demand always shifts less than supply.
• C) supply always shifts less than demand.
• D) both supply and demand may not change.
• E) both supply and demand may increase or decrease by equal amounts.

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Definitions:

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