When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing? Option 1: Price decreases. Option 2: Remain Same. Option 3: Price increases. Option 4: May increase may decrease.

The answer is 'Price increases.'. View full solution:

CUET Economics - When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Micro

Medium

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

✅ Correct Option: 3

Related questions:

15th May Shift 1

Suppose the demand and supply curve of commodity X in a perfectly competitive market are given by:

$q_d = 700 - p$

$q_s = 500 + 3p$

Assume that the market consists of identical firms. What will be the equilibrium price for this commodity?

28 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Price elasticity of demand will be equal to1	(I) When expenditure increases with a rise in price.
(B) Price elasticity of demand will be equal to 0	(II) When expenditure decreases with a rise in price.
(C) Price elasticity of demand will be more than 1	(III) When the quantity demanded doesn't change with the change in price.
(D) Price elasticity of demand will be less than1	(IV) When expenditure doesn't change with the change in price.

Choose the correct answer from the options given below:

19th May Shift 2

Identify the correct statement regarding government intervention in case of price control from the following.