Multiple Choice
If both the supply and demand curves shift to the left,then we can conclude that there will be a(n) :
A) increase in the equilibrium quantity sold.
B) decrease in the equilibrium quantity sold.
C) increase in the equilibrium price.
D) decrease in the equilibrium price.
E) a change in quantity that is indeterminate.
Correct Answer:
Verified
Correct Answer:
Verified
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