Without the Aid of a Graph,one Can Say Definitively That,if

question 31

Multiple Choice

Without the aid of a graph,one can say definitively that,if both supply and demand increase simultaneously,the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

• A) lower;lower
• B) lower;indeterminate
• C) indeterminate;higher
• D) indeterminate;lower
• E) higher;indeterminate

---

Definitions:

Limiting Condition

A condition or set of conditions that define the boundaries or constraints within which a process or function operates.

Base Case

In recursion, the base case is a condition that stops the recursion by not making a call to itself, thus avoiding an infinite loop.

Recursive Algorithm

An algorithm that solves a problem by dividing it into smaller problems of the same type, calling itself with these smaller problems.

Recursive Algorithms

Procedures or methods where the solution to a problem depends on solutions to smaller instances of the same problem.