A Rightward Shift of the Demand Curve in a Market

question 55

Multiple Choice

A rightward shift of the demand curve in a market with an upward-sloping supply curve will lead to a(n)

• A)increase in equilibrium price.
• B)excess demand at the old equilibrium price.
• C)increase in quantity supplied.
• D)All of the above.

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Definitions:

Contract

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The ability of a legal document or agreement to be upheld or compelled by law in a court of justice.

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