-Refer to the above figure. Suppose that the supply curve shifts from S_A to S_B while the demand curve shifts from D_Ato D_B. Which of the following is true about the results of the shifts in the supply and demand curves? A) The equilibrium price increases while the equilibrium quantity remains unchanged. B) Both the equilibrium price and equilibrium quantity increase. C) The equilibrium price remains unchanged while the equilibrium quantity increases. D) Both the equilibrium price and equilibrium quantity remain unchanged.

Question

Quizplus · Accepted Answer

The Answer of -Refer to the above figure. Suppose that the supply curve shifts from S_A to S_B while the demand curve shifts from D_Ato D_B. Which of the following is true about the results of the shifts in the supply and demand curves? A) The equilibrium price increases while the equilibrium quantity remains unchanged. B) Both the equilibrium price and equilibrium quantity increase. C) The equilibrium price remains unchanged while the equilibrium quantity increases. D) Both the equilibrium price and equilibrium quantity remain unchanged.

-Refer to the Above Figure