If demand for automobiles increases and the supply curve do not-08925
If demand for automobiles increases and the supply curve do not shift then result will be:
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Final Term - Quiz No.17.
If demand for automobiles increases and the supply curve do not shift then result will be:
No change in price and quantity of automobiles
Higher price and lower quantity of automobiles
Higher price and more quantity of automobiles
Higher price and no change in quantity of automobiles