If supply is upward sloping,an increase in demand,all other things unchanged,will result in a(n) _____ in equilibrium price and a(n) _____ in equilibrium quantity.

A) increase;increase
B) decrease;decrease
C) decrease;increase
D) increase;decrease

Upward Sloping

Describes a line on a graph that shows an increase in a variable as another variable increases.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect, indicating a market balance.