Question

Suppose we observe an increase in the demand for houseplants. What would we expect to happen to the price and quantity sold of houseplants? Group of answer choices Price will increase and quantity will decrease. Price will increase and quantity will increase. Price will decrease and quantity will decrease Price will decrease and quantity will increase Price will increase but quantity will remain constant

Answer 1

Answer:

Price will increase and quantity will increase

Explanation:

When there is an increase in demand , there would be an outward shift of the demand curve while the supply curve would remain the same.

Demand would exceed supply and price would rise as a result.

Due to increased demand for houseplants, the supply of house plants would also increase.

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