Bringing Supply and Demand Together


If the decrease in demand is greater than the increase in supply, the equilibrium quantity will decrease



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Bringing demand and supply together

If the decrease in demand is greater than the increase in supply, the equilibrium quantity will decrease.

  • If the decrease in demand is greater than the increase in supply, the equilibrium quantity will decrease.
  • If the increase in supply is greater than the decrease in demand, the equilibrium quantity will increase.

Notice that the seasonal increases in demand led to a shortage at the original (out of season) price.

  • Notice that the seasonal increases in demand led to a shortage at the original (out of season) price.
  • When a shortage exists the price will rise until the new equilibrium is reached. In this case, at the intersection of the in-season demand curve and the supply curve.

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