Shifting the DEMAND CURVE Rightward Think Econ
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We walk you through the effect of a simultaneous change in the demand and supply curves. What happens to equilibrium price? What happens to equilibrium quantity? The video is geared to an intro to Microeconomics student. • •Video 1: Intro to Supply Demand: • Supply and Demand (and Equilibrium Pr... • •Video 2: Shifts to Supply or Demand Cruves: • Shifts to Demand or Supply Curves - I... • •Video 3: Shifts in BOTH Supply and Demand: • Shifts in both Supply and Demand Curv... • More Intro to Microeconomics Videos: https://sites.google.com/site/curtisk... • ------------------------------------------------------------------------ • Video Outline: • Shifts in both Supply and Demand Curves • What happens when both supply and demand shift? • How will equilibrium price change? • How will equilibrium quantity change? • Summaries • • Increase in Demand and increase in Supply, 0:45 • • Increase in Demand, but decrease in Supply, 2:30 • • Decrease in Demand, but increase in Supply, 4:05 • • Decrease in Demand and decrease in Supply, 6:00 • • Recap - Chart of Summaries. 7:20
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