When Supply Shifts Left and Demand Shifts Right

question 30

Multiple Choice

When supply shifts left and demand shifts right,

• A) the equilibrium price always rises.
• B) the equilibrium price always falls.
• C) the equilibrium quantity always falls.
• D) the equilibrium quantity always rises.
• E) the equilibrium price is indeterminate.

---

Definitions:

Storage Locker

A unit designed for the safekeeping of personal or commercial belongings, usually rentable at self-storage facilities.

Order of Eviction

A legal document issued by a court that directs a tenant to vacate a property within a specified timeframe due to violations such as non-payment of rent or breach of lease terms.

Breach of Contract

The violation of any of the agreed-upon terms and conditions of a binding contract, which may give rise to legal consequences for the party in breach.

Forcibly Evict

The act of removing a tenant from rental property by force or through legal proceedings because of violations of the lease or law.