72) An increase (rightward shift) in the demand for a good will tend to cause
Answer is:
an increase in the equilibrium price and quantity.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
an increase in the equilibrium price and a decrease in the equilibrium quantity.
Answer is:
the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
Answer is:
the equilibrium quantity to rise and the equilibrium price to fall
Answer is: