If a variable causes a rightward shift on the demand curve, what impact will that have on the products price? Why?

Question

Question

Answer 1

Answer #1

Answer

Increase the price

graphically, the rightward shift of the demand curve increases price and quantity both as the equilibrium is at

Qd=Qs

and the supply curve is upward sloping so the right shift of the curve cuts the supply curve at a higher price level and that increases the price.

also theoretically as the demand increases but the supply is the same so the supplier charge higher on the same supply curve to produce higher.

Answer 2

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