DEMAND AND SUPPLY.
Demand and supply are the two main aspects that determines the price in an equilibrium market , however ,this factors keeps on changing now and then. Their change will always have a unique change in the market as shown below:
A). Demand increase will lead to an increase in equilibrium price as well as equilibrium quantity . On the other side supply decrease will lead to a decrease in equilibrium quantity and an increase in equilibrium price.
B). When demand increases and supply remain constant it leads to a higher equilibrium price and higher quantity.
*NB- demand increase= increase in supply.