Which of the following statements is true?
A) Endogenous changes to demand are supply curves cause them to shift.
B) Exogenous changes can never affect both the demand and supply curves.
C) Exogenous changes can sometimes affect both the demand and supply curves.
D) Movement along a demand curve means that only an endogenous factor is changing.

Question

Quizplus · Accepted Answer

Exogenous changes can sometimes affect both the demand and supply curves. For example, a change in consumer preferences or a natural disaster can shift the demand and supply curves simultaneously.

Which of the Following Statements Is True