Table : TABLE 1 THE EFFECT OF CHANGES IN DEMAND OR SUPPLY ON EQUILIBRIUM PRICES AND QUANTITIES
TABLE 1 THE EFFECT OF CHANGES IN DEMAND OR SUPPLY ON EQUILIBRIUM PRICES AND QUANTITIES
Change in DemandChange in SupplyChange in Equilibrium PriceChange in Equilibrium Quantity
One Curve ShiftingNo changeIncreaseDecreaseIncrease
No changeDecreaseIncreaseDecrease
IncreaseNo changeIncreaseIncrease
DecreaseNo changeDecreaseDecrease
Both Curves ShiftingIncreaseIncreaseIndeterminateIncrease
DecreaseDecreaseIndeterminateDecrease
IncreaseDecreaseIncreaseIndeterminate
DecreaseIncreaseDecreaseIndeterminate