Study notes

Changes in Market Equilibrium Price

The equilibrium price and quantity in a market will change when there are shifts in both market supply and demand.

A change in market demand

Changing demand

Analysis diagram showing an outward shift of market demand on market price and quantity

Outward shift of demand

A shift in market supply is shown in the table below

Increase in supply

Analysis diagram to show an outward shift of market supply

Outward shift of market supply

Wake up with today’s latest teaching resources & student support

Subscribe to our daily digest and get today’s content delivered fresh to your inbox every morning.

Or follow us

Explore tutor2u