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An increase in the equilibrium price for a product will result

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An increase in the equilibrium price for a product will result

An increase in the equilibrium price for a product will result
A) when the quantity demanded for the product exceeds the quantity supplied.
B) when there is a decrease in supply and an increase in demand for the product.
C) when there is a decrease in supply and a decrease in demand for the product.
D) when there is an increase in demand and an increase in the number of firms producing the product.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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