A Rightward Shift of the Demand Curve Will Lead to an

question 123

Multiple Choice

A rightward shift of the demand curve will lead to an

• 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:

Service Provider

A company or an individual that offers services to others in exchange for payment, such as telecommunications, utilities, or healthcare.

Opportunity Costs

The cost of the most favorable alternative that is lost by deciding on a particular option.

Returns to Scale

The change in output resulting from a proportional change in all inputs used in the production process.

Long-Run Average Cost

is the average cost per unit of output achieved when all factors of production, including capital, are variable, often represented by a curve showing economies of scale.