If demand rises and supply remains the same, equilibrium price will _____ and equilibrium quantity will _____.

When increased demand raises the price of the product, the

A) marginal revenue product will also increase. B) marginal revenue product will fall. C) marginal revenue product will remain unchanged. D) sales will fall.

A craze for apples in Riverdale increases the quantity demanded at every price by five bushels. Between any two prices, the new demand curve will be ____ the old demand curve.

A. more elastic than B. less elastic than C. equal in elasticity to D. More information is needed to predict the relationship.