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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Definitions:

White Matter

White matter consists of myelinated axons in the brain and spinal cord that transmit signals quickly across different brain regions, facilitating communication within the nervous system.

Thalamus

A part of the brain that serves as a relay station, transmitting information between different areas of the brain.

Hypothalamus

A region of the brain that coordinates many activities, including temperature regulation, thirst, hunger, and emotional activity.

Diencephalon

The between brain, which integrates sensory and motor information on its way to the cerebral cortex.