A shift of the demand curve to the right when the supply curve remains constant , implies that
Answer Details
In economics, the demand curve shows the relationship between the price of a product and the quantity that consumers are willing to buy at that price. When there is a shift of the demand curve to the right while the supply curve remains constant, it means that at every price point, consumers are willing to buy more of the product. This could be due to factors such as an increase in consumer income, a change in tastes and preferences, or an increase in the availability of credit. As a result, both the price and quantity demanded will increase. Therefore, the correct answer is: "both price and quantity demanded will increase."