What happens to the equilibrium price and quantity in a market when there is an increase in demand while supply remains constant?

When there is an increase in demand for a product while the supply stays the same, the equilibrium price and quantity in the market will change. Demand means how much of a product people want to buy, and when it goes up, more people are willing to pay higher prices for that product. As a result, sellers can raise their prices because they know more buyers are interested. This leads to an increase in the equilibrium price, which is the price where the amount people want to buy equals the amount sellers are willing to sell. For example, if more people suddenly want to buy bicycles, the price of bicycles will likely rise as sellers respond to the increased interest.