If the demand and supply of a commodity both increase, the equilibrium price may not change, may increase, may decrease." Explain by using diagrams.

Both Demand And Supply Increase

If at a given price of a commodity, there is excess demand, how will the equilibrium price be reached? Explain by diagram.

There is a simultaneous 'decrease' in demand and supply of a commodity. When will it result in: (a) No change in equilibrium price, (b) A fall in equilibrium price Use Diagram.