Shifts in both Supply and Demand Curves - Intro to Microeconomics

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: http://youtu.be/op70yS_7du8
•Video 2: Shifts to Supply or Demand Cruves: http://youtu.be/es_g3L1kmR8
•Video 3: Shifts in BOTH Supply and Demand: http://youtu.be/EiYbrhFwErI

More Intro to Microeconomics Videos: https://sites.google.com/site/curtiskephart/ta/krugman-wells-microeconomics-solutions

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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

Видео Shifts in both Supply and Demand Curves - Intro to Microeconomics канала economicurtis