If supply is upward sloping,an increase in demand with no change in supply will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price.

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

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand and supply are balanced.

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 market balance.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices.