If the supply curve shifts leftward and the demand curve also shifts leftward, and if demand shrinks relatively less than supply, then price will:

Name: If the supply curve shifts leftward and the demand curve also shifts leftward, and if demand shrinks relatively less than supply, then price will:
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Question

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When both supply and demand decrease, the quantity will definitely fall. However, if demand decreases less than supply, the reduction in supply will have a stronger effect on price, causing it to rise.

If the Supply Curve Shifts Leftward and the Demand Curve