If the demand for a product increases, then we would expect equilibrium price a. and equilibrium quantity both to decrease. b. to decrease and equilibrium quantity to increase. c. to increase and equilibrium quantity to decrease. d. and equilibrium quantity both to increase.

In case, the demand for a commodity increases the demand curve will consequently shift rightwards. This rightward shift in the demand curve will lead to increase in the equilibrium price level as well as in the equilibrium quantity of the good.

A decline in demand on the other hand would cause a leftward shift in the demand curve leading to a decline in both the equilibrium price as well as equilibrium quantity.

andromache andromache · Answer 2 · 2022-02-22T13:38:57+01:00

In the case when the demand is increased so here option d is correct.

Demand curve:

In the case when the demand rised the demand curve so it will be shift rightwards. Due to this it result to increase in the equilibrium price level and the equilibrium quantity of the good. A fall in demand result a leftward shift in the demand curve that results to a decline in both the equilibrium price and equilibrium quantity.

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