p1< pe: qd(p1)>qs(p1) a Quantity demanded will start to fall, reflecting the fundamental behaviour of consumers a Quantity supplied will start to rise, reflecting the fundamental behaviour of suppliers p2>pe: gs(p2)>qd(p2) a Quantity demanded will increase, reflecting the fundamental behaviour of consumers a Quantity supplied will decrease, reflecting the fundamental behaviour of suppliers◼ p1< pe: qd(p1) >qs(p1) ❑ Quantity demanded will start to fall, reflecting the fundamental behaviour of consumers ❑ Quantity supplied will start to rise , reflecting the fundamental behaviour of suppliers. ◼ p2 > pe: qs(p2) >qd(p2) ❑ Quantity demanded will increase , reflecting the fundamental behaviour of consumers ❑ Quantity supplied will decrease , reflecting the fundamental behaviour of suppliers