In Which of the Following Situations Will the Effect Upon

question 240

Multiple Choice

In which of the following situations will the effect upon the equilibrium price of wheat be indeterminate?

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

---

Definitions:

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace.

Laundry Detergent

A cleaning agent specifically designed for washing clothes, capable of removing dirt and stains.

UPC Bar Code

A universal product code that uses a series of unique bars and spaces to represent numbers and data, typically used for tracking trade items in stores.

Collection Agency License

A legal authorization required for businesses engaged in the collection of debts on behalf of creditors.