What happens to the equilibrium price when supply goes down?

Related questions

1. What happens at the equilibrium price?
2. How is price to earnings ratio calculated?
3. Why is more demanded at lower price?
4. What happens if the market price is below the equilibrium price?
5. What happens at equilibrium price?
6. What is unique about equilibrium price?
7. How would a decrease in demand affect the equilibrium price in a market?
8. Why market equilibrium is efficient?
9. Why do changes in demand or supply cause disequilibrium?
10. What does equilibrium price mean?

Tags

1. #steady
2. #prices
3. #decreases
4. #example
5. #meaning
6. #curve
7. #quantity
8. #demand
9. #supply
10. #falls
11. #equilibrium
12. #price
13. #supplies
14. #upward
15. #increases
16. #gasoline
17. #likely
18. #curves
19. #shifts
20. #holds
21. #affect