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Explain why the change is indeterminate

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Problem 1: For each of the pair of events indicated below, perform qualitative analysis to predict the direction of change in either the equilibrium price or equilibrium quantity. Explain why the change is indeterminate.

a. Both a and h conditions occur simultaneously.

b. Both d and e conditions occur simultaneously.

c. Both d and h conditions occur simultaneously.

d. Both f and c conditions occur simultaneously.

Reference no: EM132984192

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