Microeconomics

MCQ - 115-4125

Question:

Which of the following certainly lowers the equilibrium price of a good exchanged in a competitive market?

The demand curve shifts to the right.
The supply curve shifts to the left.
The demand curve shifts to the left, and the supply curve shifts to the right.
The supply curve shifts to the left.
Both the demand and supply curves shift to the left.

Correct Answer: C

Explanation:

Leftward demand shifts coupled with rightward supply shifts put downward pressure on prices.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following certainly lowers the equilibrium price of a good exchanged in a competitive market? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 115-4125.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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