Does increasing diameter of a water pipe increase speed or volume?

Let's say water is flowing from an arbitrary Source to some arbitrary Sink via a small pipe:

I'm curious as to what actually happens when we change the diameter of the pipe:

If all other things are held constant, does the speed of the water increase through the pipe increase, or does only the volume increase?

BTW, this is not homework I'm a 30-yr old software developer/homeowner trying to figure out a problem with my plumbing.

• Yes and Yes. en.wikipedia.org/wiki/Hagen%E2%80%93Poiseuille_equation states that flow rate is proportional to the 4th power of the radius. Area is proportional to the second power, but the water in the centre also flows faster than near the edges. – user288447 Jul 15 '14 at 15:25
• Poiseuile is of course assuming laminar flow. The situation gets even more stark when turbulent flow is involved. – dmckee --- ex-moderator kitten Jul 15 '14 at 15:37

Consider the fluid in the source tank to be of density $\phi$. Let the height of the source tank be $h$ and the length be $l$. Pressure i.e force per unit area exerted by the fluid molecule is directly proportional to the volume of the fluid. Let the opening of the source tank be of diameter $x$ (assume it to be at the bottom most part of the tank) such that $a+x=h$, here $a=h-x$ i.e height of the fluid portion above the opening.
Thus, $$\text{P } \alpha hl \implies F/A=k(hl)\implies F/A=k(a+x)l=kal+klx$$
Here constant $k$ depends on the density $\phi$ of the fluid.