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Aryan · 2024-02-16T13:55:34.410Z

Causes and consequences of price changes • In market price changes happen due to the change in demand or supply At this diagram you can see that they have increased the price from p1 to p2 and have decreased the quantity from q1 to q2 • There are many examples like this for example : Due to weather conditions the level of agriculture output the market has now turned up to equilibrium price. • Real world marketsr are constantly changing & are referred to as a dynamic markets • Market equilibrium can change every few minutes in some markets (e.g. stocks and shares), or every few weeks or months in others (e.g clothing) • Any change to a condition of demand or supply will temporarily create disequilibrium & market forces will then seek to clear the excess demand or supply

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Aryan

Feb 16

Price changes

in Aryan

Causes and consequences of price changes

In market price changes happen due to the change in demand or supply

At this diagram you can see that they have increased the price from p1 to p2 and have decreased the quantity from q1 to q2

There are many examples like this for example : Due to weather conditions the level of agriculture output the market has now turned up to equilibrium price.
Real world marketsr are constantly changing & are referred to as a dynamic markets
Market equilibrium can change every few minutes in some markets (e.g. stocks and shares), or every few weeks or months in others (e.g clothing)
Any change to a condition of demand or supply will temporarily create disequilibrium & market forces will then seek to clear the excess demand or supply

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