When the Demand Curve Shifts Rightward and the Supply Curve

question 77

Multiple Choice

When the demand curve shifts rightward and the supply curve shifts leftward, then the equilibrium price ________ and the equilibrium quantity ________

• A)rises; probably changes but the direction of the change cannot be determined
• B)rises; decreases
• C)probably changes but the direction of the change cannot be determined; increases
• D)falls; increases

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Definitions:

Prefixes

Morphemes added to the beginning of words to alter their meaning or create new words.

Hypoplasia

Underdevelopment or incomplete development of a tissue or organ, often congenital.

Underdevelopment

A condition characterized by a country's or region's low level of economic growth and modernization, often due to various structural challenges.

Overdevelopment

Excessive growth or development beyond what is normal or expected.