Suppose the demand for bicycles increases.All things being equal, what will happen in this market?

Question

Quizplus · Accepted Answer

When demand for bicycles increases, suppliers will respond by increasing the quantity supplied to meet the higher demand, assuming price and other factors remain constant. This does not directly state what happens to the equilibrium price or quantity, but an increase in demand typically leads to an increase in quantity supplied in the market.

Suppose the Demand for Bicycles Increases