Carefully explain what is happening in the market. Indicate the impact if any on demand, supply, price and quantity: In the market for milk, increases in the price of Christmas trees cause trees to be planted on land previously used by dairy farmers. Impact on demand Choose.. Impact on supply Choose... Impact on price Increase towards equilibrium Excess demand Impact on quantity Shift outwards / to right Change in price uncertain Decrease equilibrium quantity Question 4 Carefully explain wh Increase equilibrium quantity kets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Increase equilibrium price Market for 21 ft Lad No impact Excess supply Change in quantity uncertain Shift inwards / to left ORPER FENCE Decrease towards equilibrium