Question

Determine the effect upon equilibrium price and quantity sold if the following changes occur in a particular market:

Answer 1

A. Demand curve shifts right (increases) - equilibrium price and quantity sold increases.
B. Demand curve shifts right - equilibrium price and quantity sold increases.
C. Demand curve increases, equilibrium price and quantity increases.
D. Demand curve shifts left (decreases) - equilibrium price and quantity decreases.
E. Supply curve shifts left (decreases) - equilibrium price increases and quantity decreases.
F. Demand curve shifts right - equilibrium price and quantity increases.
G. Demand curve shifts left - equilibrium price and quantity decrease.
H. Supply curve shifts right (increases) - equilibrium price decreases and quantity increases.