In a typical market scenario, if the demand for coffee increases while the supply remains constant, what is likely to happen to the price of coffee?

When the demand for coffee increases but the supply stays the same, more people want to buy coffee than what is available. This higher demand means that buyers are willing to pay more to get their coffee. As a result, coffee sellers can raise their prices because they know many customers will still buy it even at a higher price. For example, if a coffee shop usually sells a cup for $3 and suddenly more people want coffee, they might increase the price to $4. This change happens because the competition among buyers drives up the price until it reaches a point where the quantity demanded matches the quantity supplied.