If the supply curve and the demand curve for lettuce both shift to the left by an equal amount,what can we say about the resulting changes in equilibrium price and quantity?
A) The price will increase,but the quantity may increase or decrease.
B) The price will increase,and the quantity will increase.
C) The price will decrease,and the quantity will increase.
D) The price will stay the same,but the quantity will increase.
E) The price will stay the same,but the quantity will decrease.

Question

Quizplus · Accepted Answer

When both the supply and demand curves shift to the left by an equal amount, the equilibrium quantity will decrease because there is less supply and less demand. The equilibrium price remains unchanged because the shifts in supply and demand are equal, offsetting each other's effect on price.

If the Supply Curve and the Demand Curve for Lettuce