if-the-supply-curve-shifts-significantly-to-the-right-while-the-demand-curve-shi

Question

If the supply curve shifts significantly to the right while the demand curve shifts slightly to the right, what is the likely outcome for equilibrium price and quantity?

Accepted Answer

Equilibrium price decreases, and equilibrium quantity increases.

Answer

Equilibrium price increases, and equilibrium quantity decreases.

Answer

Equilibrium price is ambiguous, and equilibrium quantity decreases.

Answer

Both equilibrium price and quantity increase.