Suppose the demand and supply curve of good x shift simultaneously. The simultaneous shift can happen in four possible cases. The impact on equilibrium price and quantity in all four cases is different. On the basis of this, complete the following table :
Shift in demand |
Shift in Supply |
Equilibrium Quantity |
Equilibrium Price |
Leftward |
...(a) ... |
Decrease |
Remain Uncharged |
...(b)... |
Rightward |
Increase |
Uncharged |
Leftward |
Rightward |
Uncharged |
...(c) .. |
Rightward |
Leftward |
Uncharged |
.....(d) .... |