Which statement most accurately describes what happens when both supply and demand curves shift?

a. When both curves shift, typically we can determine the overall effect on price and on quantity.
b. When both curves shift, typically we can determine the overall effect on price but not on quantity.
c. When both curves shift, typically we can determine the overall effect on price or on quantity, but not on both.
d. When both curves shift, typically we can determine the overall effect on quantity, but not on price.

c. When both curves shift, typically we can determine the overall effect on price or on quantity, but not on both.

Economics

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In the formula used to measure the growth rate of multifactor productivity, the contribution of labor is represented by

A) bn. B) bk - bn. C) y - bk. D) (1 - b)n.

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