The market may be over flooded. Price will fall
The price of the product will increase as a result from both shifts.
the product supply increase. The quntity deman decrease
Supply will increase.
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
dont no
supply expansion refer to the situation where the supply for a particular product is increase across geographical boundary.
it rises
Price increses
Price increses
Supply has the potential to contribute to demand. When a product is highly demanded, but the supply is low, a producer can increase their price. This process will increase revenue for the business.
Someone makes money
increase in demand and decrease in supply.