If Both the Supply and Demand Curves Shift to the Left

question 70

Multiple Choice

If both the supply and demand curves shift to the left, what can we expect?

• A) a decrease in the equilibrium quantity sold
• B) an increase in the equilibrium quantity sold
• C) an increase in the equilibrium price
• D) a decrease in the equilibrium price

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Definitions:

Stone Tools

Prehistoric tools made from stone by early humans, used in hunting, cutting, and as weapons.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nurse their young, fur or hair, and three middle ear bones.

Characteristics

Features or qualities distinguishing a person, object, or phenomenon from others.

Nonskeletal Adaptations

Changes in organisms that involve functional or physiological modifications rather than changes to the skeletal structure.