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.

Question

Quizplus · Accepted Answer

When both curves shift, we cannot predict the exact change in equilibrium price and quantity, so either equilibrium price or equilibrium quantity is indeterminate, but we cannot predict which one. Therefore, option D is the most appropriate choice.

When Both Curves Shift