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-Assume Demand Remains Unchanged at D1

Question 153

Multiple Choice

-Assume demand remains unchanged at D1.If supply shifts from S2 to S1,then the equilibrium price will ________ and the equilibrium quantity will __________. A) rise;fall B) rise;rise C) fall;fall D) fall;rise E) rise;be indeterminate
-Assume demand remains unchanged at D1.If supply shifts from S2 to S1,then the equilibrium price will ________ and the equilibrium quantity will __________.


A) rise;fall
B) rise;rise
C) fall;fall
D) fall;rise
E) rise;be indeterminate

Correct Answer:

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