t we answer such questions in three steps. First, we examine whether the supply curve or demand curve shifts. Second, we consider which direction the curve shifts. Third, we use the supply-and-demand diagram to see how the market equilibrium changes
t we answer such questions in three steps. First, we examinewhether the supply curve or demand curve shifts. Second, we consider which directionthe curve shifts. Third, we use the supply-and-demand diagram to see howthe market equilibrium changes