Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent: no change in price and an increase in quantity exchanged.
A)an increase in price and an increase in quantity exchanged.
B)no change in price and an increase in quantity exchanged.
C)a decrease in price and a decrease in quantity exchanged.
D)no change in price, and an indeterminate change in quantity exchanged.

Question

Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent: no change in price and an increase in quantity exchanged.
A)​an increase in price and an increase in quantity exchanged.
B)​no change in price and an increase in quantity exchanged.
C)​a decrease in price and a decrease in quantity exchanged.
D)​no change in price, and an indeterminate change in quantity exchanged.

Quizplus · Accepted Answer

The Answer of Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent: no change in price and an increase in quantity exchanged.
A)​an increase in price and an increase in quantity exchanged.
B)​no change in price and an increase in quantity exchanged.
C)​a decrease in price and a decrease in quantity exchanged.
D)​no change in price, and an indeterminate change in quantity exchanged.

Assuming That the Demand and Supply of a Good Have