If the demand for a product increases, then we would expect equilibrium price

A) to increase and equilibrium quantity to decrease.
B) to decrease and equilibrium quantity to increase.
C) and equilibrium quantity both to increase.
D) and equilibrium quantity both to decrease.

Equilibrium Price

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

Equilibrium Quantity

The quantity of a good or service at which demand and supply are equal at a particular price level, leading to a stable market situation.