When the Demand Curve Shifts to the Left and All

question 3

Multiple Choice

When the demand curve shifts to the left and all else is held constant,the equilibrium price ________ and the equilibrium quantity ________.

• A) falls; rises
• B) rises; falls
• C) falls; falls
• D) rises; rises
• E) falls; remains constant

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Definitions:

Positive Feedback

Constructive responses or affirmations that promote and reinforce desirable behaviors, achievements, or outcomes.

Two-way

A method or process involving mutual feedback, communication, or interaction, where both parties contribute to the exchange.

One-way

A mode of communication or interaction that involves a message being sent from one party to another without expecting or allowing for a direct response or feedback.

Large Firms

Corporations or businesses that have a significant number of employees, a large volume of sales, or substantial assets.