gcse economics - demand and supply - what happens when price changes?
When price changes this has an effect on both the quantity demanded and the quantity supplied
PRICE INCREASE
QUANTITY DEMANDED
PRICE DECREASE
QUANTITY DEMANDED
ACTION
Try to do the same for the supply curve a) price increase b) price decrease
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley Keep Up-todate with your GCSE Economics - Subscribe Free to Economics in the News by Email
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