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Which of the following statements is correct for a market with an upward-sloping supply curve and...

  1. Which of the following statements is correct for a market with an upward-sloping supply curve and a downward-sloping demand curve?
    1. If the supply curve shifts left and demand remains constant, equilibrium quantity will rise.
    2. If the supply curve shifts right and the demand curve remains constant, equilibrium price will rise.
    3. If the demand curve shifts left and the supply curve shifts right, equilibrium price will rise.
    4. If the demand curve shifts right and the supply curve shifts left, equilibrium price will rise.
    5. If the demand curve shifts left and the supply curve shifts left, equilibrium quantity will rise.
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