question archive If the demand curve for fuel shifts rightward, we can conclude that the equilibrium quantity for this fuel will _____, while equilibrium price will _____
If the demand curve for fuel shifts rightward, we can conclude that the equilibrium quantity for this fuel will _____, while equilibrium price will _____
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If the demand curve for fuel shifts rightward, we can conclude that the equilibrium quantity for this fuel will _____, while equilibrium price will _____.
A. increase; decrease
B. decrease; decrease
C. decrease; increase
D. increase; increase
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The correct answer is: A. increase; decrease
When the supply curve for fuel shifts to the right, it means that there is an increase in supply. This lowers the equilibrium point, where there is a higher equilibrium quantity and a lower equilibrium price.
