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alisha [4.7K]
2 years ago
6

When the demand curve shifts to the​ right, A. the equilibrium price will decrease and the equilibrium quantity will increase. B

. the equilibrium price will increase and the equilibrium quantity will decrease. C. the equilibrium price and quantity will both increase. D. the equilibrium price and quantity will both decrease.
Business
1 answer:
Nookie1986 [14]2 years ago
8 0

Answer:

The correct answer is option C.

Explanation:

A rightward shift in the demand curve means that at the same price levels, the consumers are demanding more of the commodity. A rightward shift in the demand curve causes it to intersect with the supply curve at a higher point.

The equilibrium point shifts upward. This causes both equilibrium quantity and price level to increase.

A leftward shift, on the other hand, causes the equilibrium price and quantity to decrease.

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