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-In the Figure Above, the Demand Curve Shifts Rightward from D0

Question 23

Multiple Choice

-In the figure above, the demand curve shifts rightward from D<sub>0</sub> to D<sub>1</sub>. There are no rent controls. In the short run, the increase in demand results in A) higher rents and a decrease in the equilibrium quantity. B) lower rents and a decrease in the equilibrium quantity. C) higher rents and an increase in the equilibrium quantity. D) lower rents and an increase in the equilibrium quantity.
-In the figure above, the demand curve shifts rightward from D0 to D1. There are no rent controls. In the short run, the increase in demand results in


A) higher rents and a decrease in the equilibrium quantity.
B) lower rents and a decrease in the equilibrium quantity.
C) higher rents and an increase in the equilibrium quantity.
D) lower rents and an increase in the equilibrium quantity.

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