212k views
4 votes
Explain how a market reacts to a change in supply by moving to a new equilibrium

User Thordax
by
7.3k points

1 Answer

3 votes
Changes to overall supply or demand dictate the cross-section ascertaining prices and volume for products or services.

Is this the answer you are looking for?
User Binarycleric
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.