When the demand curve shifts to the left and all else is held constant,the equilibrium price ________ and the equilibrium quantity ________.

Question

Quizplus · Accepted Answer

When the demand curve shifts to the left, it indicates a decrease in demand. This leads to a lower equilibrium price and a lower equilibrium quantity, as suppliers will reduce prices to sell their now less demanded products, and the quantity sold will also decrease due to the lower demand.

When the Demand Curve Shifts to the Left and All