Practicing Success
Practicing Success
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| Which of the following statement/statements are true? Statement 1: Rightward shift in demand curve and leftward shift in supply curve simultaneously may cause quantity to increase, decrease or remain unchanged Statement 2: Rightward shift in demand curve and leftward shift in supply curve simultaneously will lead to increase in price. |
Both the statements are true. Both the statements are false. Statement 1 is true and Statement 2 is false Statement 2 is true and Statement 1 is false |
| Both the statements are true. |
| Whenever there is a rightward shift in demand curve and leftward shift in supply curve simultaneously, it may cause quantity to increase, decrease or remain unchanged and price increases. |
