What reflects an increase in the equilibrium price of a product?

An increase in the equilibrium price of a product can be reflected by a rightward shift of the demand curve. When demand for a product increases, consumers are willing to buy more at every price level. This heightened willingness to purchase raises the equilibrium price because suppliers respond to the increased demand by charging higher prices. As the demand curve shifts rightward—indicating that, at each price, consumers want to purchase more than before—the intersection with the supply curve moves up, resulting in a new equilibrium with a higher price.

In contrast, when the supply curve shifts leftward or the demand curve shifts leftward, equilibrium prices would typically decrease or stabilize rather than increase. A rightward shift of the supply curve would likely lead to a decrease in the equilibrium price, as more of the product is available at lower prices. Overall, understanding how demand interacts with supply is crucial for analyzing price changes in a market context.