Title

(7) Shifts in Both Demand and Supply Curves

Topic Category

Market Operations

Publication Date

2011

Keywords

Demand Curve Shifts, Supply Curve Shifts, Movements along Curves, Shifts in Curves

Abstract

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.

Run Time

6:10

Primary Discipline

Microeconomics

Skills Delivered

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.

Rigor Level

2000

Prerequisites

Previous Demand, Supply, & Market Videos

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