Effects of a Rightward Demand Shift
Which of the following is true if the demand curve shifts to the right?
A
The equilibrium price will be less than $0.25.
B
There will be a decrease in the demand for wheat.
C
The quantity of wheat demanded will be less than 3,000 lbs.
D
The equilibrium price will be greater than $0.25.
E
The supply curve will shift to the left.