D1D1 The 4 shifts of the Supply and Demand Curve Shift 1- Demand Away D0D0 S 0 Price (P) Quantity (Q) P0P0 Q0Q0 P1P1 Q1Q1 4. ∆Q S; Movement along the S.

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Presentation transcript:

D1D1 The 4 shifts of the Supply and Demand Curve Shift 1- Demand Away D0D0 S 0 Price (P) Quantity (Q) P0P0 Q0Q0 P1P1 Q1Q1 4. ∆Q S; Movement along the S curve. 5. Price ↑ from P 0 to P Quantity ↑ from Q 0 to Q 1.

D0D0 D1D1 The 4 shifts of the Supply and Demand Curve Shift 2- Demand Towards S 0 Price (P) Quantity (Q) P1P1 Q0Q0 P0P0 Q1Q1 4. ∆Q S; Movement along the S curve. 5. Price ↓ from P 0 to P Quantity ↓ from Q 0 to Q 1.

The 4 shifts of the Supply and Demand Curve Shift 3- Supply Away D0D0 S0S0 0 Price (P) Quantity (Q) P0P0 Q0Q0 P1P1 Q1Q1 S1S1 4. ∆Q d; Movement along the D curve. 5. Price ↓ from P 0 to P Quantity ↑ from Q 0 to Q 1.

The 4 shifts of the Supply and Demand Curve Shift 4- Supply Towards D0D0 S0S0 0 Price (P) Quantity (Q) P0P0 Q0Q0 P1P1 Q1Q1 S1S1 4. ∆Q d; Movement along the D curve. 5. Price ↑ from P 0 to P Quantity ↓ from Q 0 to Q 1.