Question

On a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effect on equilibrium price

Answer 1

Answer:

the answer is C

Explanation:

Answer 2

Answer:

On a supply and demand graph, if the demand curve shifts to the left, then the resulting effect on equilibrium price  and quantity will be the price will rise and quantity will fall. (C)

Explanation:

Demand describes about the productivity i.e., how much consumers wish to purchase in the app/store, at different price points at a certain time interval whereas supply describes the desire of the seller to make profit.

It shows that the seller who supply the goods is willing to produce more for the market in a certain time period. If the demand curve shifted to the left, price will rise and quantity will fall. In the supply and demand graph, the supply is on the x axis and the demand on the y -axis. Both the price and quantity are inversly proportional to each other.