Question

1. Give Diagrammatic presentation of Effect of Simultaneous change in Supply
and demand curve on the Equilibrium Price When equilibrium price remains same​

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Answer 1

Answer:

An increase in supply is illustrated by a rightward shift of the supply curve, and, all other things equal, this will cause the equilibrium price to fall. A decrease in supply is illustrated by a leftward shift of the supply curve - this will cause the equilibrium price to rise.