In General, When the Demand Curve Shifts to the Right

question 13

Multiple Choice

In general, when the demand curve shifts to the right and supply remains constant then:

• A)quantity demanded will rise.
• B)the equilibrium price will fall.
• C)the equilibrium quantity will rise.
• D)the market cannot reestablish an equilibrium.

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Definitions:

Warranties of Title

Legal guarantees provided by a seller to a buyer that the seller has the right to sell the property and that the property is free from any lien or encumbrance.

Subterranean Rights

Refers to the rights to use and exploit underground resources such as minerals, oil, and natural gas located beneath a property.

Fructus Industrials

Crops that are planted and harvested by human labor, such as wheat or corn.

Trade Fixture

Personal property that a tenant installs on leased premises for business purposes, which can be removed at the lease's termination.