If the Demand Curve for Bikes Shifts Leftward and the Supply

question 341

Multiple Choice

If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium

• A) price of bikes definitely increases.
• B) price of bikes definitely decreases.
• C) quantity of bikes definitely increases.
• D) quantity of bikes definitely decreases.

---

Definitions:

Ecologically Extinct

A state in which a species is present in such low numbers that it no longer plays a significant ecological role in its ecosystem.

Biologically Extinct

A status where a species no longer exists in the wild or in any viable, self-sustaining population numbers.

Endangered

A status indicating that a species is at risk of extinction across all or a significant portion of its range due to various threats such as habitat loss, pollution, or predation.

Endangered Species

Species at risk of extinction due to a rapid decrease in population or loss of habitat, often caused by human activities.