Down here would be the possible scenarios and its effects
If demand rises and supply rises (by the same factor):
the prices do not change while the quantity is increased
If demand falls and supply falls (by the same factor):
the prices do not change while the quantity is decreased
If demand falls and the supply rises (by the same factor)
the prices would go down while quantity would not change
If demand rises and the supply falls (by the same factor)
The prices would go up while the quantity would not change.
When demand decreases, supply increases.
The supply decreases.
It goes up
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
When demand decreases, supply increases.
The supply decreases.
Supply increases.
It goes up
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
When demand decreases, supply increases.
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
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price rises and quantity increases
If demand decreases and supply is constant, the price will increase.
The two main factors that determine price are supply and demand. When supply increases or demand decreases, prices tend to fall. Conversely, when supply decreases or demand increases, prices tend to rise.
prices go higher