On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
1 answer:
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Answer:
D. The equilibrium price and quantity increases
Explanation:
When the demand curve shifts to the right and the supply curve is held constant, the equilibrium price and quantity increases.
A rightward shift in the demand curve from D1 to D2 an a supply curve S held constant, the equilibrium price increases from P1 to P2 and equilibrium quantity increases from Q1 to Q2.
Therefore, a shift in demand curve to the right at a constant supply curve will increase equilibrium price and quantity.
See graph attached for more information
