Effect of Shift in Supply on Market Price and Quantity:
--------------------------------------------------------




Fig.7: Increase in Supply Fig.8: Decrease in Supply
-----------------------------------------------------------

1.The outward shift in the supply (Fig.7) will result into a fall in the market price (P1 to P2) and a rise in the equilibrium quantity (Q1 to Q2). E.g. Apple in peak season).
2.The inward shift in the supply (Fig. 8) will result into a rise in the market price (P1 to P2) and a fall in the equilibrium quantity (Q1 to Q2).