A. a decrease in equilirium price and increase in equilibrium quantity
B. an increase in equilibrium price and quantity
C. a decrease in equilibrium price and quantity
D. an increase in equilibrium price and a decrease in equilibrium quantity
Correct Answer:
Option D – an increase in equilibrium price and a decrease in equilibrium quantity
Explanation
An increase in demand without a corresponding increase in supply will lead to a rise in price and a decrease in the quantity available for sale.
