If there is currently a shortage of coffee in the economy, then the quantity demanded is greater than the quantity supplied. According to the law of supply and demand, in order for the market to reach equilibrium, the price must increase.
1. quantity demanded

2. quantity supplied

3. law of supply and demand

4. increase

Consider the market for tablet computers (like iPads and Android tablets). Suppose the average price of an iPad goes up by $20 when a major online retailer changes its sale policies. Which of the following will occur?
the price of android tablets will increase

the demand for android tablets will increase