Question

Write Effect of Eculbrium prisess

( Note: Only Relevant Answer )​

Answer 1

Answer:

Effects of Shifts in Supply and Demand

Upward shifts in the supply and demand curves affect the equilibrium price and quantity. If the supply curve shifts upward, meaning supply decreases but demand holds steady, the equilibrium price increases but the quantity falls.

Explanation:

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Answer 2

Answer:

In the table above, the quantity demanded is equal to the quantity supplied at the price level of $60. Therefore, the price of $60 is the equilibrium price.

Explanation:

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