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Market for a good is in equilibrium. An increase in demand for the good will
  • a)
    Move the supply curve
  • b)
    Shift the supply curve
  • c)
    Move the demand curve
  • d)
    Shift the demand curve
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Market for a good is in equilibrium. An increase in demand for the goo...
Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.
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Market for a good is in equilibrium. An increase in demand for the goo...
C
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Market for a good is in equilibrium. An increase in demand for the good willa)Move the supply curveb)Shift the supply curvec)Move the demand curved)Shift the demand curveCorrect answer is option 'D'. Can you explain this answer?
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