When the demand curve shifts to the right:
A)equilibrium price increases.
B)equilibrium price decreases.
C)equilibrium quantity increases
D)a and c.
E)b and c.

Question

Quizplus · Accepted Answer

When the demand curve shifts to the right, it means that there is an increase in demand for the product or service. Therefore, the equilibrium price will increase as consumers are willing to pay more for the same quantity of the good. Additionally, the equilibrium quantity will also increase as suppliers are able to sell more at the increased price. Therefore, both "a" and "c" are correct.

When the Demand Curve Shifts to the Right