Multiple Choice
If a market begins in equilibrium and then the demand curve shifts leftward,a
A) shortage is created, which is eliminated by a fall in price.
B) shortage is created, which is eliminated by a rise in price.
C) surplus is created, which is eliminated by a fall in price.
D) surplus is created, which is eliminated by a rise in price.
E) surplus is created, which is eliminated by the supply curve shifting leftward.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: What is the difference between quantity supplied
Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q133: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -In the above
Q135: Which of the following increases the demand
Q136: If both producers and consumers believe that
Q138: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Using the data
Q140: The quantity supplied of a good,service,or resource
Q141: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Which figure above
Q486: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table