With Demand Remaining Unchanged, Which of the Following Is Likely

question 84

Multiple Choice

With demand remaining unchanged, which of the following is likely to happen if the supply curve shifts to the left?

• A) The equilibrium price and quantity will rise.
• B) The equilibrium price will rise and the equilibrium quantity will fall.
• C) There will be no change in the equilibrium price or quantity.
• D) The equilibrium price and quantity will fall.

---

Definitions:

Psychological

Pertaining to the mind or mental processes, often involving emotional and cognitive functions.

Gender Stereotype

Preconceived ideas whereby females and males are arbitrarily assigned characteristics and roles determined and limited by their gender.

Weak

Lacking physical strength, power, or vigor; also can refer to lacking strength of character or influence.

Playground

A designated area, often outdoor, equipped for children to play in, typically with recreational equipment such as slides and swings.