In Which of the Following Situations Is the Change in the Equilibrium

question 77

Multiple Choice

In which of the following situations is the change in the equilibrium price of a good indeterminate?

• A)When supply decreases and demand increases
• B)When demand decreases and supply increases
• C)When demand remains constant and supply increases
• D)When supply and demand both decreases
• E)When supply remains constant and demand increases

---

Definitions:

Indexation

A method of estimating future employment needs by matching employment growth with a selected index, such as the ratio of production employees to sales.

Underutilization

A condition that exists when a department or employer has a lesser proportion of members of a protected class than are found in the employer’s labour market.

Extrapolation

Extending past rates of change into the future.

Relevant Legislation

Laws and legal provisions that are pertinent to a particular situation, activity, or context, affecting how entities should operate or comply.