If the price of a good increases while the quantity of the good exchanged on markets increases, then the most likely explanation is that there has been
A) an increase in demand.
B) a decrease in demand.
C) an increase in supply.
D) a decrease in supply.

Question

Quizplus · Accepted Answer

An increase in demand for a good typically leads to a higher price and a higher quantity of the good being sold in the market, as consumers are willing to pay more for the same or greater amounts of the product.

If the Price of a Good Increases While the Quantity