Question

in 1 or 2 sentences identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price to increase

Answer 1

Let's say that the demand for the product increases, for example more people move into the area and more people need fresh bread in the morning or more people need to use taxis in this are. If the supply doesn't increase at the same time, the equilibrium prize would increase in this case!