Holding supply constant, if the demand curve shifts to the left, there will be a(n) increase in the equilibrium price and a(n) decreases in the equilibrium quantity.
This is further explained below.
Generally, A demand curve is a graphical depiction of the connection between the price of a product and the amount of that product that consumers desire.
Demand curves are used extensively in economics.
On it, the price is plotted along the vertical axis of the graph, while the amount needed is shown along the horizontal axis.
In conclusion, If the supply curve remains unchanged, a shift to the left on the demand curve will result in an increase in the equilibrium price and a drop in the equilibrium quantity. This is the case even if the supply curve remains unchanged.
Read more about the demand curve
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