If supply is upward sloping,a shift of a demand curve to the right,all other things unchanged,will:
A)increase equilibrium price and quantity.
B)decrease equilibrium price and quantity.
C)decrease equilibrium quantity and increase equilibrium price.
D)increase equilibrium quantity and decrease equilibrium price.

Question

Quizplus · Accepted Answer

When the demand curve shifts to the right, it indicates an increase in demand. With an upward sloping supply curve, this increase in demand leads to a higher equilibrium price and quantity, as suppliers are willing to produce and sell more at higher prices.

If Supply Is Upward Sloping,a Shift of a Demand Curve