If both the supply and demand curves shift to the left, then we can conclude that there will be
a. an increase in the equilibrium quantity sold.
b. a decrease in the equilibrium quantity sold.
c. an increase in the equilibrium price.
d. a decrease in the equilibrium price.
b
Economics
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If the government were to increase taxes, it would be enacting:
A. expansionary budgetary policy. B. contractionary monetary policy C. expansionary fiscal policy. D. contractionary fiscal policy.
Economics
When quantity demanded is greater than quantity supplied, there is a _____________.
Fill in the blank(s) with the appropriate word(s).
Economics