When the Demand Curve Shifts to the Right and the Supply

question 83

Multiple Choice

When the demand curve shifts to the right and the supply curve is held constant:

• A) the equilibrium price and quantity decrease.
• B) the equilibrium price increases, and the equilibrium quantity decreases.
• C) the equilibrium price decreases, and the equilibrium quantity increases.
• D) the equilibrium price and quantity increase.
• E) you see a movement along the demand curve.

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Definitions:

Opportunity Costs

The denial of gaining from various other opportunities when a single choice is made.

Economists

Professionals who study the production, distribution, and consumption of goods and services.

Unrealistic Assumptions

Hypothetical conditions in models or theories that do not necessarily reflect real-life complexities, used to simplify analysis.

Economic Problems

Economic Problems refer to the various challenges that countries face in allocating scarce resources to meet the desires and needs of their populations.