1. Three questions to ask about Demand & Supply Shifters?
What are they Meder?

2. The three questions are?
Does the event (headline ) affect Demand, Supply, or Both? Does the event (headline ) shift the graph to the right (increase) or Left (decrease)? What are the new equilibrium price and quantity? (P2 & Q2) Plus How will the market react to correct the disequilibrium?

3. Is the new equilibrium Above the old one and did Q2 increase?
A shortage will occur, you’ll have to wait in line to be Satisfied.
Prices will be pushed up too 

4. If the New Equilibrium is above the old but Q2 is smaller than Q1is?
There will be a surplus and too much will be available in the market. Prices will be pushed down and items will go on sale to reduce inventory 

5. What if Demand and Supply both shift
See Page 107