Table 4-9
-Refer to Table 4-9. Which combination would produce a decrease in equilibrium price and an indeterminate change in equilibrium quantity?
A)A
B)B
C)C

Question

Table 4-9 
-Refer to Table 4-9. Which combination would produce a decrease in equilibrium price and an indeterminate change in equilibrium quantity?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

The combination in C shows an increase in supply and a decrease in demand. This would lead to a decrease in equilibrium price, but the change in equilibrium quantity is indeterminate as it depends on the extent of the shifts in supply and demand.

Table 4-9 -Refer to Table 4-9. Which Combination Would Produce a Decrease