3.2 Shifts in Supply and Demand

What's your "go to" doodle when you finish a math test early.

Demand Curve Shifts.

Draw a demand curve. Label this demand curve D_0. Also, label the axes.

Then, draw an increase in demand in blue and label it D_1.

Draw a decrease in demand in red and label it D₂.

Supply Curve Shifts.

Draw a supply curve. Label this supply curve S₀. Also, label the axes.

Draw an increase in supply in blue and label it S_1.

Draw a decrease in supply in red and label it S₂.

Now, draw a supply and demand curve, together. Find the equilibirum point and create dashes to the axes to indicate the P₀ and Q_0.

Then shift the demand curve to indicate an increase in demand. Find the new equilibrium point and create dashes to the axes to indicate the P1 and Q_1.

Then, compare the original equilibrium point price and quantity versus the new equilibrium price and quantity. Then, using the text function, type out how both price and quantity have changed.

Now, draw a supply and demand curve, together. Find the equilibirum point and create dashes to the axes to indicate the P₀ and Q_0.

Then shift the demand curve to indicate an decrease in demand. Find the new equilibrium point and create dashes to the axes to indicate the P1 and Q_1.

Then, compare the original equilibrium point price and quantity versus the new equilibrium price and quantity. Then, using the text function, type out how both price and quantity have changed.

Now, draw a supply and demand curve, together. Find the equilibirum point and create dashes to the axes to indicate the P₀ and Q_0.

Then shift the supply curve to indicate an increase in supply. Find the new equilibrium point and create dashes to the axes to indicate the P1 and Q_1.

Then, compare the original equilibrium point price and quantity versus the new equilibrium price and quantity. Then, using the text function, type out how both price and quantity have changed.

Now, draw a supply and demand curve, together. Find the equilibirum point and create dashes to the axes to indicate the P₀ and Q_0.

Then shift the supply curve to indicate an decrease in supply. Find the new equilibrium point and create dashes to the axes to indicate the P1 and Q_1.

Then, compare the original equilibrium point price and quantity versus the new equilibrium price and quantity. Then, using the text function, type out how both price and quantity have changed.

Draw a supply and demand curve. Then draw what happens to an inferior good when income rises.

Draw a supply and demand curve. Then draw what happens when taxes on companies are lowered.

Draw a supply and demand curve. Then draw what happens to an normal good when income rises.

Draw a supply and demand curve. Then draw what happens to an inferior good when income falls.

Draw a supply and demand curve. Then draw what happens to a good when its complementary good becomes more expensive.

Draw a supply and demand curve. Then draw what happens to a good when its substitute good becomes less expensive.