Suppose that we allow for the fact that cash can be$$ stolen, but assume that a stolen credit card cannot be$$ used, as it is instantly$$ cancelled, so no one steals credit cards.

In response to this$$ change, the equilibrium price of credit card services

must decrease and the equilibrium quantity of credit card services

must decrease.

In response to this$$ change, the demand for money must shift to the left

and the price level must increase.

Question $6$ options:

True

False