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When the demand curve shifts to the right, we say that there has been an increase in demand.
a
When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.
b
When supply shifts to the right and demand remains constant then there will be an excess of product. Prices for the product will fall as well.
When the demand curve shifts to the right, we say that there has been an increase in demand.
a
Price will increase, quantity will decrease
When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.
b
Demand shifts if any determinant except the good's own price changes. Shifters include changes in income, changes in the prices of related goods, the number of consumers, and expectations of future prices.
When supply shifts to the right and demand remains constant then there will be an excess of product. Prices for the product will fall as well.
If the demand for loanable funds shifts to the left, the equilibrium interest rate will decrease.
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
Shifts in the excess demand curve for a product or service can be caused by changes in factors such as consumer preferences, income levels, prices of related goods, advertising, and government policies. These factors can influence the overall demand for the product or service, leading to shifts in the excess demand curve.
the demand for loanable funds will increase, interest rates will increase
When supply shifts leftward (decreasing supply) and demand shifts rightward (increasing demand), the equilibrium price is likely to rise due to the increased competition for a limited quantity of goods. However, the effect on equilibrium quantity is uncertain; it may either increase or decrease depending on the magnitude of the shifts in supply and demand. If the increase in demand is greater than the decrease in supply, quantity will rise, but if the decrease in supply is greater, quantity will fall. Thus, while we can expect a higher equilibrium price, the change in quantity will depend on the relative shifts.