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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
Kindly help with this one .
the magnt An which of the following cases will the effect on equilibrium output be indeterminate (1.e., depend on the of the shifts in supply and demand)? (B) Demand remains constant and supply increases Demand decreases and supply decreases. (D) Demand increases and supply increases. (C) Demand decreases and supply increases. 4. Assertion (A):There 1s no excess capacity und
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Ravindra nath mahto![best-answer]()
Look at the solution.
indeterminate means no change in output ???
In this case, we have been asked that which change in demand and supply does not determinate new equilibrium output. Therefore, 'indeterminate' term has been used. So, indeterminate and no change both terms can be used in this case.