Table 4-6

-Refer to Table 4-6.Which combination would produce a decrease in equilibrium quantity and an indeterminate change in equilibrium price?

Question

Table 4-6
 
-Refer to Table 4-6.Which combination would produce a decrease in equilibrium quantity and an indeterminate change in equilibrium price?

Quizplus · Accepted Answer

The combination in D shows an increase in both demand and supply, but with no specific information on the magnitude of the changes, it is difficult to determine the net effect on equilibrium price. However, the increase in demand and supply indicates an increase in both quantity demanded and quantity supplied, leading to a decrease in equilibrium quantity. Therefore, D would result in a decrease in equilibrium quantity and an indeterminate change in equilibrium price.

Table 4-6 -Refer to Table 4-6.Which Combination Would Produce a Decrease in Produce