In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X rise sharply in the future will A) increase D, decrease P, and increase QB) decrease S, increase P, and increase QC) increase S, increase P, and increase Q. D) increase D, increase P, and increase Q

The correct statement is that in case above, the demand of X will be increased. Whereas, the equilibrium price will also increase for the good X and the quantity will increase sharply in the future.

So, the correct statement that matches the statement quoted above regarding the demand determinants, the equilibrium price and the equilibrium quantity is of Good X is D.

What is a change in demand for goods?

Change in the demand refers to the change in total quantity demanded for the goods, even when all the external factors are equal and there is no change in price.

When there is a change in demand leading to an increase, the equilibrium price point on the graph will also shift upwards and there will be an increase in price ultimately.

Similarly, a change in demand for the product showing an increase results in the increase of the equilibrium quantity demanded for such goods.

Hence, the correct option is D that there will be an increase in demand, equilibrium price and equilibrium quantities when there is a change in demand determinant of good X.

Learn more about change in demand here:

https://brainly.com/question/24596748