Solved

Other Things Remaining the Same,a Leftward Shift in the Supply

Question 21

Multiple Choice

Other things remaining the same,a leftward shift in the supply curve will lead to a(n) ________.


A) decrease in the equilibrium price and the equilibrium quantity
B) increase in the equilibrium price and the equilibrium quantity
C) decrease in the equilibrium price and an increase in the equilibrium quantity
D) increase in the equilibrium price and a decrease in the equilibrium quantity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions