An increase in demand without a corresponding change in supply will lead to
- a decrease in equilirium price and increase in equilibrium quantity
- an increase in equilibrium price and quantity
- a decrease in equilibrium price and quantity
-
an increase in equilibrium price and a decrease in equilibrium quantity
The correct answer is: D
Explanation
An increase in demand without a corresponding increase in supply will lead to a rise in price and a decrease in the quantity available for sale.