equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of the demand shift? A)The surplus increases. B)The surplus decreases. C)The shortage increases. D) The shortage decreases.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 15SQ
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2) The current market price for good X is below the
equilibrium price, and then the demand curve for X
shifts rightward. What is the likely outcome of the
demand shift?
A)The surplus increases.
B)The surplus decreases.
C)The shortage increases.
D) The shortage decreases.
Transcribed Image Text:2) The current market price for good X is below the equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of the demand shift? A)The surplus increases. B)The surplus decreases. C)The shortage increases. D) The shortage decreases.
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