Question

If demand increases and supply stays the same, price will be………

Answer 1

Answer:

If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.

Explanation:

If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price.

Answer 2

Answer:

If demand increases and supply stays the same then equilibrium quantity goes up, and equilibrium price goes up. If demand decreases and supply increases then equilibrium quantity could go up, down, or stay the same, and equilibrium price will go down

Explanation: