If demand increases and supply stays the same, what happens to price and quantity?
- price goes up and quantity goes down
- price goes down and quantity goes up
- price goes up and quantity goes up
- price goes down and quantity goes down
If demand increases and supply stays the same, what happens to price and quantity?
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price goes up and quantity goes up.
If demand increases and supply stays the same, the price and quantity both go up.
So the correct answer is:
price goes up and quantity goes up.