Question

An increase in the demand for a commodity (rightward shift of the demand curve) would result in ______.

पर्याय

• an increase in equilibrium price only

• an increase in equilibrium quantity only

• increase in both equilibrium price and equilibrium quantity

• decrease in equilibrium quantity

Answer 1

An increase in the demand for a commodity (rightward shift of the demand curve) would result in increase in both equilibrium price and equilibrium quantity.