Question

There will be a higher equilibrium price and quantity if _____.

Responses

demand increases and supply stays the same
demand increases and supply stays the same

supply increases and demand stays the same
supply increases and demand stays the same

supply increases and demand increases
supply increases and demand increases

supply increases and demand decreases
supply increases and demand decreases

Answer 1

demand increases and supply stays the same

Reason: A rightward shift in demand with supply unchanged raises both equilibrium price and equilibrium quantity.