If the demand for a good increased, what would be the effect on the equilibrium price and quantity?
A) Price would increase, and quantity would decrease.
B) Price would decrease, and quantity would decrease.
C) Price would increase, and quantity would increase.
D) Price would decrease, and quantity would increase.

Question

Quizplus · Accepted Answer

When demand increases, both the equilibrium price and quantity typically increase as the demand curve shifts to the right.

If the Demand for a Good Increased, What Would Be