If the supply curve and the demand curve both shift to the left, then the new equilibrium:
A. price will be lower, but the direction of the change in quantity is uncertain.
B. quantity will be higher, but the direction of the price change is uncertain.
C. price will be higher, but the direction of the change in quantity is uncertain.
D. quantity will be lower, but the direction of the price change is uncertain.
Answer: D
Economics
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