1.3.4. change the equilibrium in the market
supply and demand determine the number and price of goods market equilibrium. so when supply, demand and price changes, the output balance changing market. we have three cases: case 1
: supply constant, for a change.
demand (supply constant):
the demand of an item increases,supply constant, the demand curve shifts to the right, the supply curve unchanged. market equilibrium in the new equilibrium point at which the new equilibrium price will be higher than the old equilibrium price and the equilibrium quantity will be larger than the new balance date.
This shows that the demand of a commodity increases ,supply goods prices unchanged, the volume traded in the market will increase.
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