Q62
In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then
A.
Price will fall
B.
Price remains same
C.
Price will rise
AnswerD.
Quantity rises
Answer: Option C
Solution
Answer: Option C
Solution:
In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right, then Price will rise.