Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

The simultaneous shifts of both the demand curve and the supply curve can happen in which of the following ways?

I. Supply curve shifts leftward and demand curve shifts rightward.

II. Both supply and demand curves shift leftwards.

III. Supply curve shifts rightward and demand curve shifts leftward.

Options:

I, II and III

II and III

I and II

Only I

Correct Answer:

I, II and III