Question

If the demand for a good increases without its supply increasing, what change will occur?

Answer 1

Increased price of the good

Answer 2

Increased price of the good If the demand for a good increases without its supply increasing, what change will occur is the increasing price of the good. When demand and supply does not possess a positive correlation it will affect a certain good. For example, an oil shortage or crisis occurs around the world. Most probably, the result of this outcome is that the gasoline stations will increase the price rate of the oil because of the scarcity.