![Excess demand vs. supply in all commodity sectors should prevail | Insights | Bloomberg Professional Services Excess demand vs. supply in all commodity sectors should prevail | Insights | Bloomberg Professional Services](https://assets.bbhub.io/image/v1/resize?type=auto&url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F10%2F1d.png&width=800)
Excess demand vs. supply in all commodity sectors should prevail | Insights | Bloomberg Professional Services
![Businessman drawing graphs supply vs demand curves concept, relationship between the quantity of a commodity that producers wish to sell at various prices, vector illustration 19017901 Vector Art at Vecteezy Businessman drawing graphs supply vs demand curves concept, relationship between the quantity of a commodity that producers wish to sell at various prices, vector illustration 19017901 Vector Art at Vecteezy](https://static.vecteezy.com/system/resources/previews/019/017/901/original/businessman-drawing-graphs-supply-vs-demand-curves-concept-relationship-between-the-quantity-of-a-commodity-that-producers-wish-to-sell-at-various-prices-illustration-vector.jpg)
Businessman drawing graphs supply vs demand curves concept, relationship between the quantity of a commodity that producers wish to sell at various prices, vector illustration 19017901 Vector Art at Vecteezy
![If the demand for a commodity increases and the supply decreases, what will be the effect on equilibrium price and quantity? Illustrate with diagrams. If the demand for a commodity increases and the supply decreases, what will be the effect on equilibrium price and quantity? Illustrate with diagrams.](https://search-static.byjusweb.com/question-images/byjus/infinitestudent-images/ckeditor_assets/pictures/223799/content_c3.png)