Answer:
FALSE
Explanation:
The one which shift the most determinates the effect on the new equilibrium object.
If the supply shift to the left by a greater magnitude then the effect will be for a decrease in supply:
increase in price and decrease in quantity
If the demand shift to the left by the greater magitude then the effect will be for a decrease in demand:
decrease in both, price and quantity.
if the supply shift to right is the greater maginitude the effect will be for an increase in supply:
increase in quantity decreasein price
if the demand shift to right in the higher maginitude the effect will be for an increase in demand
increase in both, quantity and price.
