When demand for a good shifts outward (and supply remains fixed), what happens in equilibrium? A. price increase; quantity sold increases B. price decrease; quantity sold increases C. price increase; quantity sold decreases D. price decrease; quantity sold decreases

When demand for a good shifts outward (and supply remains fixed), what happens in equilibrium? A. price increase; quantity sold increases B. price decrease; quantity sold increases C. price increase; quantity sold decreases D. price decrease; quantity sold decreases

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 6CQQ

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Question

1. When demand for a good shifts outward (and supply remains fixed), what happens in equilibrium?

A. price increase; quantity sold increases

B. price decrease; quantity sold increases

C. price increase; quantity sold decreases

D. price decrease; quantity sold decreases

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