If supply is upward sloping,an increase in demand with no change in supply will lead to a(n)_____ in equilibrium quantity and a(n)_____ in equilibrium price.
A)increase;increase
B)increase;decrease
C)decrease;increase
D)decrease;decrease

Question

Quizplus · Accepted Answer

If there is an increase in demand, the demand curve shifts to the right. This leads to a higher equilibrium quantity and price if the supply curve is upward sloping.

If Supply Is Upward Sloping,an Increase in Demand with No