What Happens to Equilibrium Price When Simultaneously the Demand Curve

question 58

Multiple Choice

What happens to equilibrium price when simultaneously the demand curve shifts left and the supply curve shifts right?

• A)Equilibrium price will increase.
• B)Equilibrium price will decrease.
• C)Equilibrium price will remain the same.
• D)Equilibrium price may increase,decrease,or remain the same depending on the magnitude of the shifts in demand and supply.

Calculate expected cash disbursements.

Prepare budgets for sales, production, direct materials, and direct labor.

Understand the impact of inventory policies on budgeting.

Calculate budgeted selling and administrative expenses.

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