(Draw this out to check your work) If both the supply curve and demand curve shift to the LEFT at the SAME TIME, equilibrium quantity will definitely decrease and equilibrium price will Group of answer choices definitely increase. definitely decrease. definitely stay the same. either increase, decrease, or stay the same, depending on which curve shifts the farthest.
(Draw this out to check your work) If both the supply curve and demand curve shift to the LEFT at the SAME TIME, equilibrium quantity will definitely decrease and equilibrium price will Group of answer choices definitely increase. definitely decrease. definitely stay the same. either increase, decrease, or stay the same, depending on which curve shifts the farthest.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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(Draw this out to check your work) If both the supply curve and demand curve shift to the LEFT at the SAME TIME, equilibrium quantity will definitely decrease and equilibrium price will
Group of answer choices
definitely increase.
definitely decrease.
definitely stay the same.
either increase, decrease, or stay the same, depending on which curve shifts the farthest.
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