All else held constant,an increase in demand will lead to a
A)decrease in price and increase in quantity supplied.
B)increase in price and increase in quantity supplied.
C)increase in price and decrease in quantity supplied.
D)decrease in price and decrease in quantity supplied.

Question

Quizplus · Accepted Answer

An increase in demand, with supply remaining constant, typically leads to an increase in price and an increase in quantity supplied as suppliers respond to higher prices by supplying more.

All Else Held Constant,an Increase in Demand Will Lead to a