Question

Ceteris paribus, equilibrium price and quantity would both increase at the same time as a result of (2pts) Question 48 - Ceteris paribus, equilibrium price and quantity would both increase at the same time as a result of_______________.

Answer 1

Answer:

The correct answer is: the rightward shift of the demand curve.

Explanation:

Assuming the supply curve has not changed, shifts in the demand curve reflect changes in the equilibrium price and the quantity demanded. If the demand curve moves to the right, both the equilibrium price and the quantity increase. If the demand curve moves left, the equilibrium price and the quantity decrease, ceteris paribus.