If the demand and supply curves for a commodity shift to the right by the same amount,then in comparison to the initial equilibrium,the new equilibrium will be characterized by ________.

Question

Quizplus · Accepted Answer

When both the demand and supply curves shift to the right, the equilibrium quantity will increase, and the equilibrium price will remain the same or decrease. Therefore, option D "a higher quantity and the same price" is the correct answer.

If the Demand and Supply Curves for a Commodity Shift