If the Demand Curve for Bikes Shifts Leftward and the Supply

question 259

Multiple Choice

If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium

• A) price of bikes definitely increases.
• B) quantity of bikes definitely decreases.
• C) quantity of bikes definitely increases.
• D) price of bikes definitely decreases.

---

Definitions:

Indohyus

An extinct genus of even-toed ungulate that lived about 48 to 41 million years ago, believed to be an early relative of whales.

Pakicetus

An extinct genus of early whales living in the Eocene epoch, illustrating a significant stage in the transition from land to sea creatures.

Modern-day Whales

Current species of whales that descended from land-dwelling ancestors through a series of evolutionary transitions over millions of years.

Hippopotamus

A large, mostly herbivorous mammal native to sub-Saharan Africa, known for its large size, semi-aquatic habits, and aggressive nature.