question archive The change in an equilibrium value is sometimes indeterminate due to the fact that A) it is possible for demand to increase or decrease more than supply increases or decreases
The change in an equilibrium value is sometimes indeterminate due to the fact that A) it is possible for demand to increase or decrease more than supply increases or decreases
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The change in an equilibrium value is sometimes indeterminate due to the fact that
A) it is possible for demand to increase or decrease more than supply increases or decreases.
B) demand always shifts less than supply.
C) supply always shifts less than demand.
D) both supply and demand may not change.
E) both supply and demand may increase or decrease by equal amounts.
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Option E) both supply and demand may increase or decrease by equal amounts is correct.
This option is correct because when the change in demand and supply is by equal amount then it becomes difficult to determine the change that will happen in equilibrium. The change in equilibrium may be very little.
