Economics
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Boundless Economics
Introducing Supply and Demand
Market Equilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand Market Equilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 5
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Changes in Demand and Supply and Impacts on Equilibrium

Supply Shifts

Supply Shifts

In this supply and demand chart we see an increase in the supply provided, shifting quantity to the right and price down. More of a given product, assuming the same demand, will result in lower price points at the equilibrium.

Source

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    http://upload.wikimedia.org/wikipedia/commons/c/c6/Fig5_Supply_and_demand_curves.jpg CC BY-SA.

Related Terms

  • Scarcity
  • equilibrium
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