-Refer to the Table 4-2. What is the space that would represent an increase in equilibrium quantity and an indeterminate change in equilibrium price?

Question

Quizplus · Accepted Answer

Space A represents an increase in equilibrium quantity and an indeterminate change in equilibrium price because the supply curve shifts to the right, which increases the equilibrium quantity, but the demand curve does not shift, which means the equilibrium price could either increase, decrease, or stay the same.