A rightward shift of the supply curve accompanied by a leftward shift of the demand curve will definitely:

CA Foundation · Business Economics · MTP · May 2026
A rightward shift of the supply curve accompanied by a leftward shift of the demand curve will definitely:
(A) A. Increase equilibrium price
(B) B. Decrease equilibrium price
(C) C. Increase equilibrium quantity
(D) D. Indeterminate change in quantity

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Decrease equilibrium price

Topics: Price Determination in Different Markets

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic