Reffonomics Video -- Simultaneous Shifts in Supply and Demand

After watching the video, scroll down to take the three multiple choice questions.





1. As demand increases and supply increases simultaneously, then

A) P (up) ; Q is indeterminate
B) P is indeterminate ; Q (up)
C) P (down) ; Q is indeterminate
D) P is indeterminate ; Q (up)
E) P (up) ; Qd (up)



2. As demand decreases and supply increases simultaneously, then

A) P (up) ; Q is indeterminate
B) P is indeterminate ; Q (up)
C) P (down) ; Q is indeterminate
D) P is indeterminate ; Q (up)
E) P (up) ; Qd (up)



3. As demand increases and supply decreases simultaneously, then

A) P (up) ; Q is indeterminate
B) P is indeterminate ; Q (up)
C) P (down) ; Q is indeterminate
D) P is indeterminate ; Q (up)
E) P (up) ; Qd (up)