Which of the following is False?
A) Rightward shift in demand + unchanged supply curve = higher equilibrium price and larger equilibrium quantity
B) Rightward shift in demand + Rightward shift in supply curve = lower equilibrium price and smaller equilibrium quantity
C) Leftward shift in supply + unchanged demand curve = higher equilibrium price and smaller equilibrium quantity
D) Leftward shift in demand + unchanged supply curve = lower equilibrium price and smaller equilibrium quantity
E) Rightward shift in supply + unchanged demand curve = lower equilibrium price and larger equilibrium quantity

Question

Quizplus · Accepted Answer

A rightward shift in demand causes an increase in equilibrium price and quantity, while a rightward shift in supply causes a decrease in equilibrium price and an increase in quantity. Therefore, the statement in option B is false as it suggests the opposite.

Which of the Following Is False