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25 September, 20:43

What happens in the market with an upward sloping supply curve when there is a shift in the demand curve due to an external shock?

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  1. 25 September, 20:47
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    There will we a new equilibrium price will be achieved over some period of time, this will happens in the market with upward sloping supply curve when there is a shift in the demand curve due to external shock. When the market has a upward sloping supply curve and there is a shift in the demand curve due to external shock this only means that a new equilibrium price will be achieve over some period of time.
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