Ask Question
BusinessBusiness
11 April, 08:59

Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and quantity?

A. Equilibrium price will rise; equilibrium quantity will fall

B. Equilibrium price will fall; equilibrium quantity will fall

C. Equilibrium price will fall; equilibrium quantity will rise

D. Equilibrium price will rise; equilibrium quantity will rise

+1
Answers (1)
  1. 11 April, 09:14
    0
    Option (D) is correct.

    Explanation:

    If there is an increase in the demand for a commodity and no change in the supply of the commodity then as a result there is a rightward shift in the demand curve for a commodity.

    Therefore, this rightward shift in the demand curve will increase the equilibrium price of the commodity and equilibrium quantity of the commodity in an economy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Individuals and organizations that determine what products and services will be available for sale
Answers (1)
Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising.
Answers (1)
How do you get a car
Answers (1)
Jojo drives a truck for a living but is attending Ashford to earn a degree in business administration because what he really wants to do is run his own trucking company.
Answers (1)
Which of the following statements is false with respect to bonds? a. Firms issue bonds in very large single issues. b. The denomination of the bond is usually referred to as the face value. c.
Answers (1)
New Questions in Business
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
What are the order of in which management can take legal action against a employee
Answers (1)
What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.
Answers (1)
JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.
Answers (1)
Home » Business » Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and quantity? A. Equilibrium price will rise; equilibrium quantity will fall B.
Sign Up Forgot Password?