MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Impact of Demand and Supply Shifts on Equilibrium

What happens ...

Question

What happens to equilibrium price of a commodity if there is an 'increase' in its demand and 'decrease' in its supply ?

Open in App

Solution

Equilibrium price increases.

Suggest Corrections

thumbs-up

1

Similar questions

What happens to equilibrium price of a commodity if there is ‘decrease’ in its demand and ‘increase’ in its supply ?

Explain the effects of an increase in both demand and supply of a commodity on its equilibrium price.

Q. "If the demand and supply of a commodity both increase, the equilibrium price may not change, may increase, may decrease."

Q. What will be the effects of a decrease in both the market demand and supply of a commodity on its price? Explain.

Q.
What will be the effect on equilibrium price and quantity of an increase in equal proportion of demand and supply of a commodity?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

When Curves Shift

ECONOMICS

Watch in App

explore_more_icon

Explore more

Impact of Demand and Supply Shifts on Equilibrium

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon