Respuesta :
When demand increases there is an option(a)i.e, shortage at the old equilibrium price, which puts upward pressure on price until the market reaches the new equilibrium.
The number of consumers who are able and willing to purchase goods at various prices throughout a specific time period is known as demand. Demand for anything or service indicates that people want it and are willing and able to pay for it. Factors Influencing a demand for Several variables affect whether a good's demand rises or falls. This comprises the cost of the product, the perceived quality, the amount spent on promotion, the income and confidence of the buyer, as well as shifts in consumer preferences and fashion.
The equilibrium price will rise due to an increase in demand while remaining constant in all other respects, increasing supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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The complete question is:
When demand increases, there is a _____ at the old equilibrium price, which puts _____ pressure on price until the market reaches the new equilibrium.
A.) shortage; upward
B.) surplus; upward
C.) shortage; downward
D.) surplus; downward
