when-both-supply-and-demand-curves-shift-to-the-left-what-can-be-said-about-the-

Question

When both supply and demand curves shift to the left, what can be said about the equilibrium price?

Accepted Answer

Equilibrium price is ambiguous.

Answer

Equilibrium price will increase.

Answer

Equilibrium price will remain unchanged.

Answer

Equilibrium price will decrease.