Effects on Price, Quantity in relation to Shift on Demand and Supply

DLS-COLLEGE OF BENILDE INTECOM: ALDWIN R. SANCHEZ Manila, Philippines

Effects of Changes in both Supply and Demand

Change in Supply Change in demand Constant Effect on Equilibrium Price Increases

Decreases

Effect on Equilibrium Quantity Decreases

Constant
Increases

Decreases
Constant

Decreases
Decreases

Decreases
Increases

Constant

Increases

Increases

Increases

Effects of Changes in the Supply and Demand

Change in Supply Increases Change in Demand Effect on Equilibrium Price Decreases

Effect on Equilibrium Quantity Indeterminate

Decreases

Decreases
Increases

Increases
Increases

Increases

Indeterminate

Indeterminate Increases

Decreases

Decreases

Indeterminate Decreases