If demand and supply change in the same direction, we _____ the direction of change of the equilibrium quantity and we _____ the direction of change of the equilibrium price.     A. cannot predict; cannot predict   B. cannot predict; can predict   C. can predict; cannot predict   D. can predict; can predict

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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If demand and supply change in the same direction, we _____ the direction of change of the equilibrium quantity and we _____ the direction of change of the equilibrium price.
 
 
A.
cannot predict; cannot predict
 
B.
cannot predict; can predict
 
C.
can predict; cannot predict
 
D.
can predict; can predict
1000-
800-
600-
Price (dollars per game console)
400
400-350
200-
$2.5
N
3.25
So
D
Dol
0
1
2
3
4
5
Quantity (millions of game consoles per year)
Transcribed Image Text:1000- 800- 600- Price (dollars per game console) 400 400-350 200- $2.5 N 3.25 So D Dol 0 1 2 3 4 5 Quantity (millions of game consoles per year)
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