The equilibrium price will rise and the equilibrium quantity might increase, decrease, or stay the same when the

Question

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When the demand for a good increases and the supply of it decreases, the equilibrium price will rise. The equilibrium quantity might increase, decrease, or stay the same depending on the magnitude of the changes in demand and supply. However, the increase in demand will put upward pressure on the equilibrium quantity while the decrease in supply will put downward pressure on the equilibrium quantity, so the net effect on quantity is ambiguous.

The Equilibrium Price Will Rise and the Equilibrium Quantity Might