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Question
When the demand curve shifts to the left and all else is held constant, the equilibrium price ________ and the equilibrium quantity ________.
a. falls; rises
b. rises; falls
c. falls; falls
d. rises; rises
e. falls; remains constant
Answer
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Related questions
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Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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