Which of the following changes in equilibrium price and quantity is as a result of…

Economics JAMB 1988

Which of the following changes in equilibrium price and quantity is as a result of an upward shift in the market demand for a commodity?

  • Both the price and the quantity fall
  • The price rise and the quantity falls
  • The price falls and the quantity rises
  • Both the price and the quantity rise checkmark

The correct answer is: D

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