Suppose that a market is currently at equilibrium.A rightward shift of the demand curve would imply
A) a rightward shift of the supply curve.
B) a leftward shift of the supply curve.
C) that the demand curve would continue to shift to the right over time.
D) that the demand curve would eventually have to shift back to its original position.
E) that there is an upward movement along the existing supply curve.

Question

Quizplus · Accepted Answer

A rightward shift of the demand curve increases the quantity demanded at each price, leading to an upward movement along the existing supply curve as suppliers respond to higher prices.

Suppose That a Market Is Currently at Equilibrium