What happens to equilibrium price if demand increases, Macroeconomics

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What happens to equilibrium price if demand increases

Problem

1. Suppose a market is in equilibrium and both the demand and the supply curves increase. What happens to the equilibrium price if demand increases more than supply?

2. Consider this statement: "Government involvement in markets is inherently inefficient." Do you agree or disagree? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What happens to equilibrium price if demand increases

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