Question

If demand increases in a market then if supply is upward sloping this will lead to:

Select one:
a. A higher equilibrium price and output
b. A lower equilibrium price and higher output
c. A higher equilibrium price and lower output
d. A lower equilibrium price and output

Answer 1

Step-by-step explanation:

If demand increases and supply remains same there will be a shortage and prices will increase

If demand decreases amd the supply remains same there will be surplurs and the price will go down