If the Market Demand Curve Shifts Sharply to the Left

question 41

Multiple Choice

If the market demand curve shifts sharply to the left as the market supply curve moves to the right, we would expect:

• A)the same price to prevail, with no change in quantity.
• B)the same quantity to prevail.
• C)price and quantity to fall.
• D)price to fall while quantity may or may not change.
• E)quantity to fall while price may or may not change.

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