Ap econ I'm not sure about question 3! If there is an increase in demand for a good, what will happen to the price and quantity??

asked Mar 12, 2022 46.9k views

5 votes

Ap econ

I'm not sure about question 3!

If there is an increase in demand for a good, what will happen to the price and quantity??

7.9k points

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3 votes

An increase in demand will cause an increase in the equilibrium price and quantity of a good.

Jon Sakas answered Mar 17, 2022

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