If demand increases without a change in supply, equilibrium price and quantity will

If demand increases without a change in supply, the equilibrium price and quantity will rise. In economics, the law of demand states that as the price of a good increases, the quantity demanded of that good will decrease, and vice versa. The law of supply states that as the price of a good increases, the quantity supplied of that good will increase, and vice versa. The intersection of the demand and supply curves represents the market equilibrium, where the quantity demanded and quantity supplied are equal and the price is stable. If demand increases without a change in supply, the demand curve will shift to the right, causing the equilibrium price and quantity to rise. This happens because there is now more demand for the good at every price, so the price must rise in order to balance the market and bring the quantity demanded in line with the quantity supplied. In simple terms, if people want more of a good without an increase in the amount being produced, the price of the good will go up to balance supply and demand.