. Causes of Price Changes
1) A change is supply
2) A change in demand
. Consequences of Price Changes
1) An inward shift of the supply curve will
increase prices and vice versa.
2) An inward shift of the demand curve will
decrease prices and vice versa.
1) A change is supply
2) A change in demand
. Consequences of Price Changes
1) An inward shift of the supply curve will
increase prices and vice versa.
2) An inward shift of the demand curve will
decrease prices and vice versa.