An increase in quantity and an indeterminate change in price are consistent with a:
A) leftward shift in demand and supply.
B) rightward shift in supply and demand.
C) rightward shift in supply, keeping demand constant.
D) rightward shift in demand, keeping supply constant.

Question

Quizplus · Accepted Answer

A rightward shift in both supply and demand increases quantity, but the effect on price is indeterminate as it depends on the relative magnitudes of the shifts.

An Increase in Quantity and an Indeterminate Change in Price