supply and demand equilibrium as a result of the development shown on this graph, prices will most likely…
supply and demand equilibrium as a result of the development shown on this graph, prices will most likely rise fall remain the same
Answer
Explanation:
Step1: Analyze demand - shift
The demand curve shifts from $D_1$ to $D_2$ to the right. This indicates an increase in demand.
Step2: Observe equilibrium - change
With supply remaining constant, an increase in demand leads to a new equilibrium point at a higher price and quantity.
Answer:
rise