Suppose there is an increase in demand in a market and no change in the supply. what will happen to the market equilibrium price and quantity?
a. equilibrium price will rise; equilibrium quantity will fall
b. equilibrium price will fall; equilibrium quantity will fall
c. equilibrium price will fall; equilibrium quantity will rise
d. equilibrium price will rise; equilibrium quantity will rise
Solved
Show answers
More tips
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
Answers on questions: Business
- B Business Select the correct answer. Which statement is true? A. Savings are a leakage in the circular flow of income. B. Households pay wages to businesses. C. Exports are leakages in the...
- B Business Vera has a June credit card balance of $476.09. Her payment due date is June 27th, with a grace period of 5 days. If her payment is late, the credit card company charges a $30 late...
- B Business What determines the number and prices of goods and services that will be available to consumers in a market economy?...
- S Social Studies How many states do we have...
- H History Where is Tokyo on earth...
- M Mathematics For numbers 3a 3d, select True or False for each statement. 3a Building A and building D are the same height. True 35 Building D is taller than building C. True 30 Building C is...
- M Mathematics #5 Determine the x and y intercept of the following equation. 2x + y = 6...
- H History What did the craft people do in European feudalism...
- M Mathematics Determine the equivalent system for the given system of equations. 5x – 3y = 6 X+ y = 2 5x – 3y = 6 6x - 2y = 8 5x - 3y = 6 2x + 2y = 2 -5x – 3y = 6 x + y = 2 5x – 3y = 6 6x - 2y...
- P Physics Which of the following is a true statement...
Ответ:
Option (D) is correct.
Explanation:
If there is an increase in the demand for a commodity and no change in the supply of the commodity then as a result there is a rightward shift in the demand curve for a commodity.
Therefore, this rightward shift in the demand curve will increase the equilibrium price of the commodity and equilibrium quantity of the commodity in an economy.
Ответ:
what are the theories
Explanation: