Match List-I with List-II
List-I List-II (A) Demand and Supply shift leftward.. (I) Price decreases. (B) Demand and Supply shift rightward. (II) Quantity decreases. (C) Demand shifts leftward , Supply shifts rightward. (III) Price increases. (D) Demand shifts rightward,Supply shifts leftward. (IV) Quantity increases.
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Demand and Supply shift leftward.. | (I) Price decreases. |
| (B) Demand and Supply shift rightward. | (II) Quantity decreases. |
| (C) Demand shifts leftward , Supply shifts rightward. | (III) Price increases. |
| (D) Demand shifts rightward,Supply shifts leftward. | (IV) Quantity increases. |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
When both curves shift leftward, quantity definitely falls (A-II); when both shift rightward, quantity definitely rises (B-IV); price change is ambiguous in these cases. When demand shifts leftward and supply rightward, price definitely falls (C-I); when demand shifts rightward and supply leftward, price definitely rises (D-III).
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