If Both the Supply and Demand Curves Shift to the Left

question 278

Multiple Choice

If both the supply and demand curves shift to the left, then we can conclude that there will be

• A) an increase in the equilibrium quantity sold.
• B) a decrease in the equilibrium quantity sold.
• C) an increase in the equilibrium price.
• D) a decrease in the equilibrium price.

---

Definitions:

Colored Text

Written content that has been stylized with color to attract attention, highlight information, or convey meaning.

Subject Line

A brief line that summarizes the content or purpose of an email or letter, designed to grab the recipient's attention.

Content Specific

Refers to information or material that is relevant and focused on a particular subject or theme.

Non-Instantaneous

Referring to events or processes that do not happen immediately but occur over a period of time.