Suppose a market were currently at equilibrium.A rightward shift of the demand curve would cause

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Quizplus · Accepted Answer

A rightward shift of the demand curve means that at any given price, consumers are willing to buy more of the good. This will create a situation where there is excess demand at the original price, causing the price to increase. However, the increase in demand means that the quantity sold will also increase, resulting in an increase in both price and quantity.

Suppose a Market Were Currently at Equilibrium