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Ap econ I'm not sure about question 3! If there is an increase in demand for a good, what will happen to the price and quantity??

Ap econ I'm not sure about question 3! If there is an increase in demand for a good, what will happen to the price and quantity??
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5 votes
Ap econ

I'm not sure about question 3!


If there is an increase in demand for a good, what will happen to the price and quantity??

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User WaTeim
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1 Answer

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An increase in demand will cause an increase in the equilibrium price and quantity of a good.
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User Jon Sakas
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