Any factor that shifts the demand curve to the left but does not affect the supply curve will lower the equilibrium price and raise the equilibrium quantity.

Name: Any factor that shifts the demand curve to the left but does not affect the supply curve will lower the equilibrium price and raise the equilibrium quantity.
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Question

Quizplus · Accepted Answer

A leftward shift in the demand curve indicates a decrease in demand, which typically leads to a lower equilibrium price and a lower equilibrium quantity, not higher.

Any Factor That Shifts the Demand Curve to the Left