When demand decreases and supply increases by differing degrees, then PE ↓ & Q change is indeterminate
The link between the quantity of a good that producers want to sell at different prices and the quantity that customers want to buy is known as supply and demand in the study of economics. The economic theory mostly uses this model to determine prices.
Supply and demand interact in a market to determine a commodity's price. As a result, a price that reflects a compromise between the producer and consumer of the commodity is established and is known as the equilibrium price. A good is in equilibrium when the amount that producers supply and the amount that consumers desire are equal.
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