Question & Answer

If demand increases and supply stays the same, what happens to price and quantity?

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

2 Answers

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Quizzma TeamJune 18, 2024

price goes up and quantity goes up.

AnonymousJune 18, 2024

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.