Question

if there is an increase in both demand and supply then equilibrium price​

Answer 1

Answer:

Demand and supply models are very easy to use when there is a change in either demand or supply. However in reality there are number of situations which lead to simultaneous change in both demand supply.

1. Both demand and supply decrease.

2. Both demand and supply increase.

3 demand decrease and supply increased.

4. Demand increases and supply decrease.