Market Equilibrium — Part 2: Shifts of Both Curves, Price Ceilings and Floors: visual lesson, CBSE Class 11 Economics

Lesson

When Both Curves Shift, and When Prices Are Controlled

Part 2 — simultaneous shifts, the price ceiling and the price floor.

In this lesson you will

Part 2 at a glance

Concept

If demand and supply both rise, quantity rises; the effect on price depends on which shift is larger.

Both curves shift to the right.
Shift of demand compared with shift of supply (both rising)	Price	Quantity
Demand shifts more	Rises	Rises
Equal shifts	Unchanged	Rises
Supply shifts more	Falls	Rises

Concept

Demand and supply each rise by 45: price stays at 20; quantity rises from 100 to 145.

Imagined Ratnapuri market. Demand and supply each rise by 45: price stays at 20, quantity rises from 100 to 145.