An increase in the demand for a good can be expected to cause in the equilibrium price of the good and in the equilibrium quantity of the good bought and sold

An increase

An increase

Explanation:

An increase in the demand for a good would cause the demand curve to shift to the right. It is assumed that supply remains unchanged. This would lead to an excess of demand over supply and equilibrium price and quantity would rise.

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a. $508,000

b. $420,000

Explanation:

a. Assets = Equity + Liabilities

669,000 = Equity + 161,000

Equity = 669,000 - 161,000

Equity = $508,000

b.  Assets = Equity + Liabilities

(669,000 - 127,000) = Equity + (161,000 - 39,000)

542,000 = Equity + 122,000

Equity = 542,000 - 122,000

= $420,000