A "twofold" change is when
A) income goes up and then it goes down.
B) the equilibrium price of both a complement and a substitute changes.
C) supply and demand both shift.
D) equilibrium price and equilibrium quantity both change.
E) some input costs go up and some go down.

Question

Quizplus · Accepted Answer

The Answer of A "twofold" change is when
A) income goes up and then it goes down.
B) the equilibrium price of both a complement and a substitute changes.
C) supply and demand both shift.
D) equilibrium price and equilibrium quantity both change.
E) some input costs go up and some go down.

A "Twofold" Change Is When