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If the demand for a product increases while the supply remains constant, what will happen to the equilibrium price and quantity?a)Price increases, quantity increasesb)Price decreases, quantity increasesc)Price decreases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about If the demand for a product increases while the supply remains constant, what will happen to the equilibrium price and quantity?a)Price increases, quantity increasesb)Price decreases, quantity increasesc)Price decreases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the demand for a product increases while the supply remains constant, what will happen to the equilibrium price and quantity?a)Price increases, quantity increasesb)Price decreases, quantity increasesc)Price decreases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer?.

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