Solved

If Demand Moves to the Right as Supply Moves to the Right

Question 139

Multiple Choice
If demand moves to the right as supply moves to the right, then

If demand moves to the right as supply moves to the right, then


A) equilibrium price must increase, but equilibrium quantity may either rise, fall, or remain unchanged.
B) equilibrium price and quantity must both go down.
C) equilibrium quantity must rise, but equilibrium price may either rise, fall, or remain unchanged.
D) equilibrium price and quantity must both go up.
E) none of these occurs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents