The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity?

Question

anonymous · Answer

To increase the equilibrium price the curve would have to shift upward, and to lower equilibrium quantity the curve would have to shift to the left. Is this what you're asking? The question isn't very clear.