If both the supply and demand curves shift simultaneously,we can always predict what will happen to
A) both the price and the quantity.
B) either the price or the quantity, but not both.
C) only the price.
D) only the quantity.
E) neither the price nor the quantity.

Question

Quizplus · Accepted Answer

If both the supply and demand curves shift simultaneously, the result will depend on the direction and size of the shifts. It is possible that the price may remain unchanged while the quantity changes, or vice versa. Therefore, we can only predict either the price or the quantity, but not both.

If Both the Supply and Demand Curves Shift Simultaneously,we Can