When supply shifts left and demand shifts right,:

the equilibrium quantity always falls.

the equilibrium quantity always rises.

the equilibrium price is indeterminate.

the equilibrium price always rises.

the equilibrium price always falls.

Question

Benjamin Hood

Business

1 October, 08:27

When supply shifts left and demand shifts right,:

the equilibrium quantity always falls.

the equilibrium quantity always rises.

the equilibrium price is indeterminate.

the equilibrium price always rises.

the equilibrium price always falls.

+1

Answers (1)

Know the Answer?

Gracelyn Trevino · Answer 1

Answer: The equilibrium price always rises

Explanation:

When the supply shift towards left, the supply curve increases the price of equilibrium and there is decreases in the quantity of the equilibrium. When the demand curve shifts towards right then, the demand curve increasing the price of equilibrium as well as increased the quantity of the equilibrium. This concludes that, the equilibrium price always rises.

When supply shifts left and demand shifts right,:the equilibrium quantity always falls.the equilibrium quantity always rises.the equilibrium price is indeterminate.the equilibrium price always rises.the equilibrium price always falls.

When supply shifts left and demand shifts right,:

the equilibrium quantity always falls.

the equilibrium quantity always rises.

the equilibrium price is indeterminate.

the equilibrium price always rises.

the equilibrium price always falls.