Arrange a statement of market equilibrium when the demand curve shifts leftward:

(A). The shift indicates that at any price the quantity demanded is less than before.
(B). Some firms will reduce the price of their commodity so that they can sell their desired quantity.
(C). Excess supply will arise.
(D). At the new equilibrium, quantity and price will be less than before.

Choose the correct answer from the options given below:

(A), (C), (B), (D)

The correct answer is Option (2) → (A), (C), (B), (D)

(A) The shift indicates that at any price the quantity demanded is less than before. A leftward shift of the demand curve means buyers now want to purchase less of the good at every price level.

(C) Excess supply will arise. With demand reduced and supply unchanged, the quantity supplied exceeds the quantity demanded at the original price, creating surplus in the market.

(B) Some firms will reduce the price of their commodity so that they can sell their desired quantity. To clear the excess supply and attract buyers, firms start lowering prices to encourage more purchases.

(D) At the new equilibrium, quantity and price will be less than before. The market settles at a new point where the price is lower and the quantity traded is also reduced compared to the original equilibrium.