[1:40 PM, 4/19/2024] Karan Saini Aud: What are the effects of shifts in demand on market equilibrium? [1:41 PM, 4/19/2024] Karan Saini Aud: Increase in demand will result in higher equilibrium price and lower equilibrium Increase in demand will result in lower equilibrium price and lower equilibrium quantity. Increase in demand will result, in general, in higher equilibrium price and higher equilibrium quantity. Increase in demand will result in the same equilibrium price and equilibrium quan-tity