Which of the following statement on the Impact of Simultaneous Shifts on Equilibrium is incorrect?
1
When Shift in demand is rightward and Shift in supply is leftward it leads to decrease in price
2
When shift in both demand and supply is leftward it leads to decrease in Quantity
3
When Shift in demand is leftward and Shift in supply is rightward it leads to decrease in price
4
When shift in both demand and supply is rightward it leads to increase in Quantity