Economic Definition of demand increase and supply decrease. Defined.
Offline Version: PDF
Term demand increase and supply decrease 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 a decrease in the willingness and ability of sellers to sell a good at the existing price, illustrated by a leftward shift of the supply curve. When combined, both shifts result in an indeterminant change in equilibrium quantity and an increase in equilibrium price.
« demand increase | demand price »
Permalink: https://glossary.econguru.com/economic-term/demand+increase+and+supply+decrease