An increase in demand, all other things unchanged, will result in a(n) ________ in the equilibrium price and a(n) ________ in the equilibrium quantity.

Name: An increase in demand, all other things unchanged, will result in a(n) ________ in the equilibrium price and a(n) ________ in the equilibrium quantity.
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Question

Quizplus · Accepted Answer

An increase in demand, while supply remains constant, typically leads to a higher equilibrium price and a higher equilibrium quantity, as the demand curve shifts to the right.

An Increase in Demand, All Other Things Unchanged, Will Result