(7) Shifts in Both Demand and Supply Curves
Demand Curve Shifts, Supply Curve Shifts, Movements along Curves, Shifts in Curves
This demonstrates how to analyze situations where more that one factor changes so that both the demand and supply curves are shifted. It shows what more limited information can be determined in this situation and how to obtain this information.
Crane, Steven E., "(7) Shifts in Both Demand and Supply Curves" (2011). Principles of Microeconomics. Paper 20.
Ability to analyze shifts in both supply and demand curves and the effect on equilibrium price and quantity. Ability to explain what can and cannot be determined regarding equilibrium price and quantity.
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