Suppose That Today the Market for Lima Beans Is in Equilibrium.Tomorrow

question 87

Multiple Choice

Suppose that today the market for lima beans is in equilibrium.Tomorrow both the supply and demand curves for lima beans will shift to the left.As a result,the equilibrium price __________ and the equilibrium quantity will __________.

• A) will fall;fall
• B) will fall;rise
• C) will rise;fall
• D) cannot be determined;fall
• E) cannot be determined;rise

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