If Both the Supply and Demand Curves Shift to the Left,then

question 222

Multiple Choice

If both the supply and demand curves shift to the left,then we can conclude that there will be a(n) :

• A) increase in the equilibrium quantity sold.
• B) decrease in the equilibrium quantity sold.
• C) increase in the equilibrium price.
• D) decrease in the equilibrium price.
• E) a change in quantity that is indeterminate.

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