When both the demand and supply curves to indicate increase in demand and supply in the same proportion-only equilibrium price changesonly equilibrium quantity remains unchangedequilibrium price remains unchanged but equilibrium quantity decreases-equilibrium price remains unchanged but equilibrium quantity increases-

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Toppr Admin · Accepted Answer

As both the shift in demand curve from DD to D1D1 is equal to the shift in supply curve of SS to S1S1- As the increase in demand and supply takes place there is an increase in quantity from OQ to OQ1 but there is no change in the equilibrium price- it remains unchanged-xA0-

As both the shift in demand curve from DD to D1D1 is equal to the shift in supply curve of SS to S1S1. As the increase in demand and supply takes place there is an increase in quantity from OQ to OQ1 but there is no change in the equilibrium price, it remains unchanged.