No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

What happens when the demand and supply curves shift at the same time?

Posted on April 15, 2014 at 9:00 AM

When the supply and demand curves shift at the same time, the change in market price or quantity will be indeterminate (increase, decrease, or stay the same). For example: when supply and demand both increase (shift to the right), the equilibrium quantity will increases, but market price will be indeterminate.

See the No Bull Review chart below for a complete summary of what happens to market equilibrium after dual shifts occur.

AP Macroeconomics / AP Microeconomics Unit 1 Basic Economic Concepts

Categories: AP Macroeconomics, Macro Unit 1 Basic Economic Concepts, Micro Unit 1 Basic Economic Concepts

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