When Both Supply and Demand Shift to the Left,the

question 94

Multiple Choice

When both supply and demand shift to the left,the:

• A) equilibrium price always rises.
• B) equilibrium price always falls.
• C) equilibrium quantity always falls.
• D) equilibrium quantity always rises.
• E) equilibrium quantity is indeterminate.

---

Definitions:

Sociocultural Bias

Prejudice or discrimination based on cultural, social, or ethnic differences.

IMF

Stands for the International Monetary Fund, an international organization that aims to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Members

Individuals who belong to a group, organization, or community, often associated with certain benefits, responsibilities, or affiliations.

Consumer Ethnocentrism

The belief among consumers that purchasing domestic products is morally right and beneficial to the national economy, often leading to a preference for domestic goods over foreign ones.