Question

When the demand curve shifts to the left and all else is held constant, the equilibrium price ________ and the equilibrium quantity ________.

Answer 1

When the demand curve shifts to the left and all else is held constant, the equilibrium price falls and the equilibrium quantity falls.

The types of chart.

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:

• Supply schedule

• Demand schedule

What is an equilibrium?

An equilibrium can be defined as the point on a supply and demand chart where the demand curve and the supply curve intersect.

In conclusion, the equilibrium price and the equilibrium quantity would fall when the demand curve shifts to the left and all else is held constant.

Read more on equilibrium here: brainly.com/question/2000166

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