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.
Recommended Citation
Crane, Steven E., "(7) Shifts in Both Demand and Supply Curves" (2011). Principles of Microeconomics. Paper 20.
http://epublications.marquette.edu/microecon_learning/20
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