Which of the following always results in an increase in price and quantity?
A)an increase in supply and a decrease in demand
B)an increase in demand with no change in supply
C)an increase in supply with no change in
D)demand a decrease in demand and supply

Question

Quizplus · Accepted Answer

An increase in demand with no change in supply always results in an increase in price and quantity. As demand increases, the market price will rise, and firms will produce more to meet the demand, resulting in an increase in quantity supplied.

Which of the Following Always Results in an Increase in Price