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

Question

Quizplus · Accepted Answer

A rightward shift of the supply curve indicates an increase in supply, leading to a lower equilibrium price and a higher equilibrium quantity, resulting in a downward movement along the existing demand curve.

Suppose That a Market Is Currently at Equilibrium