When both supply and demand shift to the right:

Name: When both supply and demand shift to the right:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When both supply and demand shift to the right, the equilibrium quantity always rises as both sellers and buyers want to purchase and sell more of the good or service at the given equilibrium price. The effect on equilibrium price is indeterminate because the shift in supply and demand could result in a higher, lower, or unaltered equilibrium price depending on the magnitude of the shifts.

When Both Supply and Demand Shift to the Right