When the Supply Curve Shifts Out (To the Right)and the Demand

question 275

Multiple Choice

When the supply curve shifts out (to the right) and the demand curve shifts out (to the right) ,the equilibrium quantity will:

• A) increase.
• B) decrease.
• C) be indeterminate.
• D) There is not enough information to tell.

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Definitions:

Classes

Categories or groups into which data points or objects are organized based on defined criteria.

Largest Observation

The largest observation refers to the highest value or data point measured or collected within a dataset.

Table

A method of organizing data in rows and columns, making it easier to read and interpret the information.

Class Intervals

The range of values divided into different segments or classes used in the distribution of data for histogram representation.