If the supply curve remains stationary and the demand curve shifts to the left:

Select one:

O a. The good price will go up.

b. The good price will not change.

c. The good's price will go down

d. The good price will remain about the same.

O e. Consumers will not react.

Question

Social Studies

Timothy Cantrell

21 November, 06:27

If the supply curve remains stationary and the demand curve shifts to the left:

Select one:

O a. The good price will go up.

b. The good price will not change.

c. The good's price will go down

d. The good price will remain about the same.

O e. Consumers will not react.

+1

Answers (1)

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English · Answer 1

If the supply curve remains stationary and the demand curve shifts to the left, the goods price will go up.

Explanation:

The price of goods will increase, the Quantity and demand of the product relate reversely with each other. As the supply remains the same and order increases, then the Quantity will be less, and hence the price will go up. When the supply chain increases and demand remains stationary, then the price will go down.

If the supply curve remains stationary and the demand curve shifts to the left:Select one:O a. The good price will go up.b. The good price will not change.c. The good's price will go downd. The good price will remain about the same.O e. Consumers will not react.

If the supply curve remains stationary and the demand curve shifts to the left:

Select one:

O a. The good price will go up.

b. The good price will not change.

c. The good's price will go down

d. The good price will remain about the same.

O e. Consumers will not react.