Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The demand curve moves to the right as the supply curve also moves to the right (at the same time), then: a

The demand curve moves to the right as the supply curve also moves to the right (at the same time), then: a

Marketing

The demand curve moves to the right as the supply curve also moves to the right (at the same time), then:

a. Equilibrium price must increase but equilibrium quantity may either rise, fall or remain unchanged,

b. Equilibrium price and quantity must both go down,

c. The equilibrium price may either rise, fall, or remain unchanged but the equilibrium quantity must increase,

d. None of the above.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The correct answer is: c). Equilibrium price may either rise, fall, or remain unchanged but the equilibrium quantity must increase.

In both supply and demand curves shift to the right, price may increase, decrease or remain the same, while quantity must increase. This will be determine by how further they two curves will shift.