If the increase in demand were larger than the increase in supply, the equilibrium price increases and the quantity decreases.
Option-c.
Explanation:
The rise in prices is caused by changes from one of the five factors of demand. Some alter in one of five supply determinants outcomes in an supply reduction. A rise in prices on its own increases the amount of balance and increases the price of equilibrium.
A fall in demand itself leads to a decrease in balance volumes and a rise in the balance value. Simultaneous demand growth and supply decline undoubtedly leads to price increases. The quantity change is indeterminate, however. It could increase or decrease according to the size of demand and the adjustments in supply.
