When demand increases and supply remains constant, what happens to equilibrium price?

CA Foundation · Business Economics · MTP · September 2025
When demand increases and supply remains constant, what happens to equilibrium price?
(A) A. Falls
(B) B. Rises
(C) C. Remains same
(D) D. Cannot say

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Rises

Topics: Price Determination in Different Markets

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