With respect to the equilibrium price and the equilibrium quantity for good X, an increase in the demand for and a decrease in supply of the good definitely will

Group of answer choices

increase the equilibrium price and the equilibrium quantity of good X.

decrease the equilibrium price and the equilibrium quantity of good X.

increase the equilibrium price of good X but lower the equilibrium quantity of X.

increase the equilibrium price of good X but have an uncertain impact on the equilibrium quantity of X.