Where Demand and Supply curve meet , an equilibrium price (market price ) and equilibrium quantity is determined. If consumers Income increases ,what will happen to equilibrium price and equilibrium quantity. Other Factors remaining unchanged. Question 36 options: the price will remain the same , but the quantity sold will increase. the price and quantity sold in the market will both increase . there will be no change in equilibrium price and equilibrium quantity. the price will drop and the quantity sold in the market will increase