If the demand for coffee makers increases,
A) the quantity demanded will decrease.
B) equilibrium price will increase and equilibrium quantity will decrease.
C) equilibrium price will decrease and equilibrium quantity will increase.
D) quantity supplied will increase.
E) quantity supplied will decrease.

Question

Quizplus · Accepted Answer

When demand increases, the equilibrium price rises, leading to an increase in the quantity supplied as producers respond to the higher price.

If the Demand for Coffee Makers Increases