Shifts in the demand curve


Identify  a good you commonly use or would like to use. Explain at least three  factors that would result in a shift in the demand curve for that good  and three factors that would result in a shift in the supply curve for  that good. Describe the effect on equilibrium price and quantity of each  factor. Finally, explain how the shifts in demand and supply are  different from movements along the demand curve or movements along the  supply curve and why the distinction is important. 200 WORDS

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