If the cost of supply falls for each unit of supply (a shift of the supply curve right), the change in price depends on the price elasticity of demand:
Price is unchanged when price elasticity of demand is infinite.
Price falls when price elasticity of demand is less than infinite.
than the pice goes up.
Supply will increase.
the supply of the item will decrease
In the short run nothing happens to price
So the supply also increase's.
The price decreases.
Supply will increase.
the supply of the item will decrease
The price for the good increases
In the short run nothing happens to price
So the supply also increase's.
Equilibrium price increases
The price decreases.
The price increases
It goes up
The price increases-
The market may be over flooded. Price will fall
price rises and quantity increases