Question

hey all users.
here my question..

how is new equilibrium struck whensupply or demand curve tends to shift?


please don't spamming!

Answer 1

when supply or demand curve tends to shift new equilibrium is struck through the process of Extension and contraction of demand and supply .generally a change in demand and supply implying increase or decrease in demand and supply Delhi to Excess demand and excess supply the process of contraction of demand and extension of plywood continue till nuclear Williams structure demand equals to supply .the process of extension of demand and construction supply would continue till new equilibrium is struck where demand equals to supply .

Answer 2

equilibrium struck does not change any process .