A rightward shift in a demand curve and a leftward shift in a supply curve both result in a

A. Lower equilibrium quantity.
B. Higher equilibrium quantity.
C. Lower equilibrium price.
D. Higher equilibrium price.

Answer: D

Economics

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Excess demand in an unregulated market will cause the price of a product to fall

Indicate whether the statement is true or false

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A strategy that is best for a player regardless of the strategy of the other player is called a(n)

a. subsistence strategy b. determinant strategy c. dominant strategy d. independent strategy e. autonomous strategy

Economics