(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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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