If demand increases and supply decreases, what is the effect on equilibrium price and equilibrium quantity?

Question

Quizplus · Accepted Answer

When demand increases, it tends to push prices up, and when supply decreases, it also tends to push prices up. Therefore, the equilibrium price will rise. However, the effect on equilibrium quantity is uncertain because the increase in demand tends to increase quantity, while the decrease in supply tends to decrease quantity.

If Demand Increases and Supply Decreases, What Is the Effect