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? - SchoolNGR

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

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?

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A Both the price and the quantity fall
B The price rise and the quantity falls
C The price falls and the quantity rises
D Both the price and the quantity rise

Correct Answer: Option D

Explanation:

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