The 8 Demand & Supply Cases

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Last updated 6:31 PM on 9/12/26
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8 Terms

1
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What happens when demand decreases?

Equilibrium price ↓ and quantity ↓

2
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What happens when demand increases?

Equilibrium price ↑ and quantity ↑.

3
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What happens when supply increases?

Equilibrium price ↓ and quantity ↑.

4
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What happens when supply decreases?

Equilibrium price ↑ and quantity ↓.

5
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What happens when both demand and supply increase?

Equilibrium quantity ↑; equilibrium price is indeterminate.

6
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What happens when both demand and supply decrease?

Equilibrium quantity ↓; equilibrium price is indeterminate.

7
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What happens when demand increases and supply decreases?

Equilibrium price ↑; equilibrium quantity is indeterminate.

8
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What happens when demand decreases and supply increases?

Equilibrium price ↓; equilibrium quantity is indeterminate.