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Match List-I with List-II

List-IList-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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