If a Market Begins in Equilibrium and Then the Demand

question 137

Multiple Choice

If a market begins in equilibrium and then the demand curve shifts leftward,a

• A) shortage is created, which is eliminated by a fall in price.
• B) shortage is created, which is eliminated by a rise in price.
• C) surplus is created, which is eliminated by a fall in price.
• D) surplus is created, which is eliminated by a rise in price.
• E) surplus is created, which is eliminated by the supply curve shifting leftward.

---

Definitions:

Control Chance Events

The attempt to influence or predict random or unpredictable occurrences through behavior or other means, often based on superstition or mistaken beliefs.

Depressed People

Individuals experiencing a mental health condition characterized by persistent feelings of sadness, loss, or anger.

Drinking Problem

A condition where an individual's consumption of alcohol causes harm to their health, social life, or both.

Under the Influence

This term refers to being under the effect of substances, like drugs or alcohol, which can alter one's cognition, mood, or behavior.