True or False: A significant increase in consumer demand for a product will always lead to an increase in its market price, regardless of the supply conditions.

The statement is false. While a significant increase in consumer demand for a product often leads to a rise in its market price, this isn't guaranteed because it depends on supply conditions as well. For example, if demand for oranges suddenly increases due to a health trend, but there is also a large supply of oranges available, the price may not rise much at all. On the other hand, if the supply is limited, the price will likely increase more significantly. Therefore, both demand and supply play important roles in determining market prices.