A Shift to the Left of the Demand Curve for X

question 20

Multiple Choice

A shift to the left of the demand curve for X together with a shift to the right of the supply curve for X tends to:

• A)increase the price of X; the effect upon the quantity exchanged is indeterminate.
• B)increase the price of X and to increase the quantity exchanged.
• C)decrease the price of X and to decrease the quantity exchanged.
• D)decrease the price of X; the effect upon quantity exchanged is indeterminate.
• E)make changes in both the price of X and the quantity of X exchanged that are indeterminate.

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