Answer
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Work Step by Step
When the demand curve shifts to the right, the point of intersection with the supply curve shifts up (higher price) and to the right (higher quantity).
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.4 Market Effects of Changes in Demand - Page 93: 4.5
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