What is the unambiguous effect on the equilibrium price and quantity of a commodity if both the demand and supply curves shift to the right simultaneously?

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Economics · Demand and Supply

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Equilibrium quantity will increase, and the effect on equilibrium price is indeterminate.

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Answer 1

Equilibrium quantity will decrease, and equilibrium price will remain unchanged.

Answer 2

Equilibrium quantity will increase, and the effect on equilibrium price is indeterminate.

Answer 3

Equilibrium price will increase, and the effect on equilibrium quantity is indeterminate.

Answer 4

Equilibrium price will increase, and equilibrium quantity will decrease.

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