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Glossary
Try This: Shift Supply, Change the Equilibrium

Now it is your turn to explore equilibrium.

 


For each question below, interpret the graph and then click 'See answer' to check your answer.

When you shift the supply curve to the right, what happens to the equilibrium price?


The price decreases.
When you shift the supply curve to the right, what happens to the equilibrium quantity?


The quantity increases.
When you shift the supply curve to the left, what happens to the equilibrium price?


The price increases.
When you shift the supply curve to the left, what happens to the equilibrium quantity?


The quantity decreases.