For the price in a market to remain the same, while the quantity traded fell, both supply and demand would have to shift to the left.

Question

Quizplus · Accepted Answer

If quantity traded falls while the price remains the same, this indicates a decrease in demand or supply. If both demand and supply shifted to the left, this would result in a decrease in quantity traded but would maintain the same price. Thus, the statement is true.

For the Price in a Market to Remain the Same