A Leftward Shift of the Demand Curve Results In

question 159

Multiple Choice

A leftward shift of the demand curve results in:

• A)​increase in equilibrium price.
• B)​increase in quantity.
• C)​decrease in both equilibrium price and quantity.
• D)​decrease in quantity and an indeterminate equilibrium price.

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Definitions:

Discount Factor(s)

A mathematical factor used to calculate the present value of a future amount of money or stream of cash flows.

Intangible Benefits

Advantages or gains from a project or investment that are not directly quantifiable in monetary terms, such as improved customer satisfaction or brand reputation.

Automated Equipment

Machinery that operates with minimal human intervention, often used to increase efficiency and productivity in manufacturing.

Discount Rate

The discount rate is the interest rate used in discounted cash flow analysis to calculate the present value of future cash flows.