If the Supply Curve and the Demand Curve Both Shift

question 77

Multiple Choice

If the supply curve and the demand curve both shift to the left, then the new equilibrium:

• A)quantity will be higher, but the direction of the price change is uncertain.
• B)price will be lower, but the direction of the change in quantity is uncertain.
• C)price will be higher, but the direction of the change in quantity is uncertain.
• D)quantity will be lower, but the direction of the price change is uncertain.

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