Bringing Supply and Demand Together

The equilibrium price could have gone either up or down depending on the relative sizes of the demand and supply shifts.

• The equilibrium price could have gone either up or down depending on the relative sizes of the demand and supply shifts.
• In the case of LCD televisions, we know that the supply curve shifted more than the demand curve, as a result, the equilibrium price of LCD televisions has dropped over time.

• An Increase in the Demand and Supply of HD Televisions

• The Effect of Changing Demand and/or Supply