You observe that the price of a good rises and the quantity decreases. These observations can be the result of serve that the price of a good rises and the quantity decreases. These observations can be the result of * the supply curve shifting rightward. the demand curve shifting leftward. O the demand curve shifting rightward. O the supply curve shifting leftward.

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3QCMC
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You observe that the price of a good
rises and the quantity decreases.
These observations can be the result
of serve that the price of a good rises
and the quantity decreases. These
observations can be the result of *
the supply curve shifting rightward.
O the demand curve shifting leftward.
the demand curve shifting rightward.
O the supply curve shifting leftward.
Transcribed Image Text:You observe that the price of a good rises and the quantity decreases. These observations can be the result of serve that the price of a good rises and the quantity decreases. These observations can be the result of * the supply curve shifting rightward. O the demand curve shifting leftward. the demand curve shifting rightward. O the supply curve shifting leftward.
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