If the Supply Curve and the Demand Curve for Lettuce

question 3

Multiple Choice

If the supply curve and the demand curve for lettuce both shift to the left by an equal amount,what can we say about the resulting changes in equilibrium price and quantity?

• A) The price will increase,but the quantity may increase or decrease.
• B) The price will increase,and the quantity will increase.
• C) The price will decrease,and the quantity will increase.
• D) The price will stay the same,but the quantity will increase.
• E) The price will stay the same,but the quantity will decrease.

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Definitions:

Overall Rate

The aggregate or average rate across different instances or cases, considering all relevant factors or components.

Overtime Rate

The rate of pay for hours worked in excess of the standard working hours, typically higher than the normal rate.

Exports

Goods, services, or commodities sent from one country to another for the purpose of trade or sale.

June

The sixth month of the year in the Gregorian calendar.