All other things held​ constant, if the supply curve for Swiss francs shifts to the​ left, the dollar price per Swiss franc will​ ________ and the equilibrium quantity of Swiss francs supplied and demanded will​ ________. A. ​decrease; increase B. ​increase; decrease C. ​decrease; decrease D. ​increase; increase

Respuesta :

The correct answer is A.

The graph attached represents the supply and demand curves for Swiss francs. The amount of francs supplied and demanded is represented in the X axis while the price of francs (expressed in US dollars) is represented in the Y axis.

After the supply curve shifts right, it will intersect the demand curve, which stays the same, in a point on the right and below the initial intersection point. Therefore the quantity of francs exchanged in the new equilibrum will increase while the price charged for francs will decrease.

Ver imagen palebadgworthy
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