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aksik [14]
2 years ago
6

An increase in demand causes both equilibrium price and equilibrium quantity to rise.

Social Studies
1 answer:
Otrada [13]2 years ago
3 0

When there is an increase in demand, the result would be that the equilibrium price and quantity would rise so this is TRUE.

<h3 /><h3>What happens when demand rises?</h3>

When there is an increase in demand in an economy, the demand curve would have to shift to the right.

This shift would then intersect the supply curve at a higher price and quantity which would infer a rise in both equilibrium price and quantity.

Find out more on the effects of a rise in demand at brainly.com/question/4371942

#SPJ1

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