in-a-supply-and-demand-graph-what-happens-to-the-equilibrium-price-and-quantity-

Question

In a supply and demand graph, what happens to the equilibrium price and quantity when demand-pull inflation occurs?

Accepted Answer

Equilibrium price increases, and equilibrium quantity remains constant.

Answer

Equilibrium price decreases, and equilibrium quantity increases.

Answer

Equilibrium price remains constant, and equilibrium quantity decreases.

Answer

Equilibrium price increases, and equilibrium quantity decreases.