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QUESTION IMAGE

if both the supply and demand curves shift to the right, what equilibri…

Question

if both the supply and demand curves shift to the right, what equilibrium change can we expect?
a decrease in the equilibrium price
an increase in the equilibrium quantity sold
a decrease in the equilibrium quantity sold
an increase in the equilibrium price

Explanation:

Brief Explanations

A rightward shift in the demand curve increases both equilibrium price and quantity. A rightward shift in the supply curve increases equilibrium quantity but decreases equilibrium price. The combined effect guarantees a rise in equilibrium quantity, while the price change is ambiguous (depends on the magnitude of the shifts).

Answer:

an increase in the equilibrium quantity sold