If Both the Supply and Demand Curves Shift to the Left

question 83

Multiple Choice

If both the supply and demand curves shift to the left, there will be a(n) :

• A)increase in the equilibrium quantity sold.
• B)decrease in the equilibrium quantity sold.
• C)increase in the equilibrium price.
• D)decrease in the equilibrium price.
• E)a change in quantity that is indeterminate.

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Definitions:

Ganglion Cell

A type of neuron located in the retina that receives visual information from photoreceptors and transmits it to the brain.

Somatosensory System

This system is part of the sensory nervous system, responsible for processing sensory information from the body, including touch, temperature, pain, and body position.

Anterior Cingulate Cortex

A part of the brain located in the frontal lobe, involved in processing emotions, decision making, and impulse control, among other functions.

Socially Excluded

Describes individuals or groups that are systematically denied participation in social, economic, or political activities within their community or society.