Share This Article:

Economic Definition of demand and supply increase. Defined.

Offline Version: PDF

Term demand and supply increase Definition: A simultaneous increase in the willingness and ability of buyers to purchase a good at the existing price, illustrated by a rightward shift of the demand curve, and an increase in the willingness and ability of sellers to sell a good at the existing price, illustrated by a rightward shift of the supply curve. When combined, both shifts result in an increase in equilibrium quantity and an indeterminant change in equilibrium price.

 

« demand and supply decrease | demand curve »

Permalink: https://glossary.econguru.com/economic-term/demand+and+supply+increase

Alphabetical Reference to Over 2,000 Economic Terms