Multiple Choice
If both the supply and demand curves shift to the left, then we can conclude that there will be
A) an increase in the equilibrium quantity sold.
B) a decrease in the equilibrium quantity sold.
C) an increase in the equilibrium price.
D) a decrease in the equilibrium price.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: A cold winter will increase the quantity
Q16: The price of natural gas fell and
Q103: The following are the equations for the
Q117: Which of the following events would result
Q145: When price is below the equilibrium level,
Q245: When price is above the equilibrium level,
Q249: A shift in the demand curve will
Q250: Rent controls are most often designed to
Q265: The position of a demand curve is
Q280: Suppose demand can be described with the