Supply, Demand and Equilibrium Price and Quantity

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  Solution describes impact of increase in demand and supply on equilibrium price and quantity with the help of suitable graphs.

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  This will cause a rightward shift in the demand curve. When demand curve shifts, there is movement along the supply curve to the new equilibrium price. Thus, equilibrium price will increase, and equilibrium quantity will increase. 2.

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  342241 Equilibrium Price, Quantity and Demand and Supply A market is in equilibrium with equilibrium quantity Q* and equilibrium price P*. What happens to P* if there is an decrease in demand?