What happens to equilibrium price when simultaneously the demand curve shifts left and the supply curve shifts right?
A) Equilibrium price will increase.
B) Equilibrium price will decrease.
C) Equilibrium price will remain the same.
D) Equilibrium price may increase,decrease,or remain the same depending on the magnitude of the shifts in demand and supply.
Correct Answer:
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Q150: Q151: If price rises, Q152: If coffee and tea are substitutes and Q153: Which of the following would cause a Q154: If price declines, Q156: Each of the following can cause a Q157: When quantity demanded is greater than quantity Q158: As a result of flooding in June Q159: When quantity supplied is greater than quantity Q160: What happens to equilibrium quantity when simultaneously
A)there may have been an
A)there may have been an
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