If demand is constant,a leftward shift in the supply curve will result in:
A) A decrease in equilibrium quantity and a lower equilibrium price.
B) An increase in equilibrium quantity and a lower equilibrium price.
C) A decrease in equilibrium quantity and a higher equilibrium price.
D) An increase in equilibrium quantity and a higher equilibrium price.
Correct Answer:
Verified
Q69: In the market for web design services,if
Q70: If a state adopts a free college
Q71: If supply is constant,a decrease in the
Q72: If a market surplus exists:
A) The only
Q73: If a market shortage exists:
A) The invisible
Q75: A market surplus occurs when:
A) People cannot
Q76: If demand is constant,a decrease in the
Q77: If supply is unchanged,a rightward shift in
Q78: If demand is unchanged,a rightward shift in
Q79: A price ceiling does all of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents