A Shift in the Demand Curve to the Left, All

question 125

Multiple Choice

A shift in the demand curve to the left, all other things unchanged:

• A) will cause the supply curve to shift to the left, too.
• B) will cause a movement upward along the supply curve and a higher equilibrium price.
• C) will cause a movement downward along the supply curve and a lower equilibrium quantity.
• D) will result in a lower equilibrium price and greater equilibrium quantity.

---

Definitions:

Statutes

Written laws enacted by a legislative body that govern a society or state.

Codes of Conduct

Sets of rules outlining the responsibilities, ethical standards, and proper practices for individuals or organizations.

Political Action Committees (PACs)

Groups of people who organize to support candidates they feel will represent their views.

Major Corporations

Large, powerful companies that have a significant impact on the economy through their operations, employment, and influence on sectors and markets.