Answer:
They will increase
Explanation:
When the demand is high, and supply is high the prices will decrease. When supply is low, and demand is high the prices will increase. This is because if you have low supply on something, and a lot of people want your product, but you do not have enough for everyone, you will increase your price to make a greater profit. This way you can buy more supply, which will meet your demand.
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A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
