When Supply Decreases and the Supply Curve Shifts to the Left

question 13

Multiple Choice

When supply decreases and the supply curve shifts to the left, equilibrium price ________ and equilibrium quantity ________.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Metabolic Acidosis

A condition characterized by an increase in acidity in the blood and body tissues, often due to the body producing too much acid or the kidneys not removing enough acid.

Acid-Base Imbalance

A disruption in the balance of acid and alkaline compounds in the body, potentially leading to health complications if not corrected.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, leading to physical and psychological dependence.

Electrolyte Imbalance

A condition where the levels of electrolytes (minerals in your blood, urine, and body fluids) are either too high or too low, affecting bodily functions.