If the Demand Curve for Bikes Shifts Leftward and the Supply

question 341

Multiple Choice

If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium

• A) price of bikes definitely increases.
• B) price of bikes definitely decreases.
• C) quantity of bikes definitely increases.
• D) quantity of bikes definitely decreases.

---

Definitions:

Testimonials

Statements or endorsements by satisfied customers praising the value of a product or service, used as a marketing tool.

Sales Presentation

A pitch or demonstration aimed at marketing a product or service to potential buyers or clients, highlighting its benefits and value.

Proof Statements

Assertions used in sales and marketing to substantiate claims about the effectiveness and value of a product or service.

Outside Organization

An entity or group external to one's own organization, often referred to in context of partnerships, collaborations, or opposition.