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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Definitions:

Riots

Violent disturbances of the peace by a crowd, often a protest against policies or actions.

Shared Focus

A situation where all members of a group concentrate their efforts and attention on a common objective or goal.

Disperse

To scatter or spread out from a common point to various directions, often referring to groups or particles.

Crowd

A large number of people gathered together, typically in a disorganized or unruly way.