Using diagram, discuss the effect on equilibrium price and quantity in the following cases: (i) Increase in supply (ii) Decrease in supply. (iii) Change in demand. (iv) Increase in demand is equal or less than or more than increase in supply (v) Decrease in demand is equal to or less than or more than decrease in supply (vi) Change in demand when supply when supply is perfectly elastic. (vii) Change in demand when supply is perfectly inelastic ltrbgt (viii) Change in supply when demand is perfectly elastic. (ix) Change in supply when demand is perfectly inelastic

Using diagram, discuss the effect on equilibrium price and quantity in

1.	Using diagram, discuss the effect on equilibrium price and quantity in the following cases: (i) Increase in supply (ii) Decrease in supply. (iii) Change in demand. (iv) Increase in demand is equal or less than or more than increase in supply (v) Decrease in demand is equal to or less than or more than decrease in supply (vi) Change in demand when supply when supply is perfectly elastic. (vii) Change in demand when supply is perfectly inelastic ltrbgt (viii) Change in supply when demand is perfectly elastic. (ix) Change in supply when demand is perfectly inelastic
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