Question

What happens if supply and demand both increase?

Answer 1

When the supply and demand of a product increases, there will be increase in the quantity of products and the price of the product will be steady, while if the demand exceeds the supply, then there will be rise in the price of product.

And if supply exceeds demand then there will be a fall in the price.

Also read:

• Price Elasticity of Supply
• Market Supply Curve
• Market Equilibrium Applications
• Features of Indifference Curve
• Market Equilibrium

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