ECO365 Week 1 Discussion 2

ECO 365 Week 1 DQ 2
What is the difference between a movement along and shift of the demand curve? 
Describe the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. For each situation, give an example and why each would have an impact on the equilibrium price and quantity.

ECO365 Week 1 Discussion 2

What is the difference between a movement along and shift of the demand curve? Describe the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. For each situation, give an example and why each would have an impact on the equilibrium price and quantity. When there is a price change, it changes the amount of demand which is represented as a movement along the demand curve. When there is a change with anything other than price, it changes affect and the whole demand curve. In supply and demand situation, equilibr...