Answer:
Supply will go up
Demand will go down
Step-by-step explanation:
In reaction to price increase , supply of goods will go up as suppliers will want to take advantage of the hike in price. More suppliers will want to supply at a lower price causing a shift to the right of the supply curve.
On the side of demand , it goes down as customers will not be able to achieve as much with a specific sum of money. Moreover , customers will also look out for alternative goods or products that can satisfy a need.