Changes in equilibrium price also quantity due to changes in demand also supply
Every row also column heading describes a shock to a marketplace initially in equilibrium. Fill in the table indicating whether the new every row also column heading describes a shock to a marketplace initially in equilibrium. Fill in the table indicating whether the new equilibrium price also quantity will increase, decrease or not change.
No change in Supply Increase in Supply Decrease in Supply
No change in Demand P* same, Q* same
Increase in Demand
Decrease in Demand