Multiple Choice
Suppose that today the market for lima beans is in equilibrium.Tomorrow both the supply and demand curves for lima beans will shift to the left.As a result,the equilibrium price __________ and the equilibrium quantity will __________.
A) will fall;fall
B) will fall;rise
C) will rise;fall
D) cannot be determined;fall
E) cannot be determined;rise
Correct Answer:
Verified
Correct Answer:
Verified
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