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.

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