With the creation of value, there is a: a

Economics Dec 08, 2020

With the creation of value, there is a:

a. leftward shift of both the demand and supply curves.

b. leftward shift of the supply curve.

c. rightward shift of the demand curve.

Expert Solution

The correct answer is c) rightward shift of the demand curve

With the creation of value, there is a rightward shift of the demand curve. The creation of value will have a positive impact on the overall economy. It would increase the output level in the economy. The increase in output level in the economy would shift the demand curve to the right.

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