Respuesta :
The demand curve will shift to left and the supply curve will shift to right.
and this will definitely cause equilibrium price to fall.
What do you mean by Demand Curve ?
- A Demand curve can be defined as a graph which depicts the relationship between the price and the quantity of that commodity.
- It helps to show the price point where the consumer responsiveness drops which ultimately leads to increase in price point.
- They are usually caused by factors like average income and preferences , Ceteris paribus assumption.
- This is how the above situation works.
- Major characteristics include the position, the slope and the shift.
To know more about Demand Curve from the given link
https://brainly.com/question/1139186
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