Suppose that the supply curve remains unchanged. If the demand curve shifts to the right
A) the market clearing price definitely will decrease.
B) the market clearing price definitely will increase.
C) there will be no change in the market clearing price.
D) the market will collapse.

Question

Quizplus · Accepted Answer

If the demand curve shifts to the right, it means that consumers are willing to buy more at each price. This would lead to an increase in both quantity demanded and price, thus increasing the market clearing price.

Suppose That the Supply Curve Remains Unchanged