If the supply curve shifts to the right and the demand, Ask an Expert

Economics

If the supply curve shifts to the right and the demand curve shifts to the right by an equal amount proportionately, what will happen to equilibrium price?

1. Price will fall to zero ($0).

2. Price will decrease dramatically.

3. Price will increase dramatically.

4. Price will remain approximately the same.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224036

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