If the demand for a product increases while supply remains constant, what is likely to happen to the market equilibrium price?

When demand goes up while supply stays the same, buyers are willing to pay more for the product, so sellers raise prices until the quantity buyers want equals the quantity sellers offer. The higher price attracts fewer buyers, and the lower price attracts more sellers, until a new balance is reached. In the new equilibrium, the quantity sold is the same as before, but the price is higher. For example, if a bakery sells 100 loaves at $3 each, a sudden rise in demand might push the price to $4, and the bakery will still sell 100 loaves but at a higher price. This price increase reflects the increased scarcity of the product at the original price.