If the demand curve slopes downward and the supply curve slopes upward,which of the following events leads to an increase in both the equilibrium price and quantity?

Question

Quizplus · Accepted Answer

A rightward shift in demand with supply unchanged leads to an increase in both the equilibrium price and quantity because the higher demand at each price level pushes the price up to balance the increased demand, and the quantity supplied increases to meet this demand at the new higher price.

If the Demand Curve Slopes Downward and the Supply Curve