Advertisement Remove all ads

How Are the Equilibrium Price and Quantity Affected When Demand and Supply Curves Shift in Opposite Directions? - Economics

Sum

How are the equilibrium price and quantity affected when demand and supply curves shift in opposite directions?

Advertisement Remove all ads

Solution

demand and supply curves shift in opposite direction

Cases

Equilibrium

Price

Equilibrium Quantity

Figure

1. Increase in Dd = decrease in SS

Increase

Unchanged

2. Decrease in Dd = increase in SS

Unchanged

Increase

3. Decrease in Dd < increase in supply

Decrease

Increase

4. Decrease in Dd > increase in supply

Decrease

Decrease

5. Increase in Dd < decrease in SS

Increase

Decrease

6. Increase in Dd > decrease in SS

Increase

Increase

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

NCERT Class 12 Economics Introductory Microeconomics
Chapter 5 Market Equilibrium
Exercise | Q 16.2 | Page 87
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×