If both the supply and demand curves shift simultaneously, we can ALWAYS predict what will happen to

Question

Quizplus · Accepted Answer

When both supply and demand curves shift simultaneously, the effect on either price or quantity will depend on the direction and magnitude of the shifts. It is not always possible to predict what will happen to both variables. However, we can predict what will happen to one variable with certainty, while the direction and extent of the shift will determine which variable will be affected.

If Both the Supply and Demand Curves Shift Simultaneously, We