It Is Certain That the Equilibrium Price Will Fall When

question 98

Multiple Choice

It is certain that the equilibrium price will fall when:

• A)the supply curve and the demand curve both shift to the right.
• B)the supply curve shifts to the right and the demand curve shifts to the left.
• C)supply and demand both increase.
• D)supply decreases and demand stays the same.

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Definitions:

Y-Intercept

The point where a line crosses the Y-axis on a graph.

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A mathematical formula that models or predicts the relationship between a dependent variable and one or more independent variables.

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