When Both Curves Shift

question 126

Multiple Choice

When both curves shift:

• A) equilibrium price is always indeterminate.
• B) equilibrium quantity is always indeterminate.
• C) equilibrium price and equilibrium quantity are indeterminate.
• D) equilibrium price OR equilibrium quantity is indeterminate, but we can't predict which one.
• E) neither equilibrium price nor equilibrium quantity is indeterminate.

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Definitions:

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