What happens to prices when demand increases while supply remains constant?

When demand increases while supply remains constant, prices tend to increase. This phenomenon occurs because the heightened demand for a finite supply of goods or services leads consumers to compete for those limited resources. As more people are willing to pay higher prices to obtain the desired items, sellers can raise prices to maximize their profits. This basic principle of supply and demand explains that when more consumers want a product and the availability of that product does not change, the increased competition among buyers ultimately drives prices up.