1. Interpret What do economists mean when they say firms are "searching for a new equilibrium"? 2. Make Generalizations When a product becomes more expensive to produce, what effect does that have on the supply curve? 3. Compare and Contrast What is the difference between a shift of the demand curve and movement of the equilibrium point along the demand curve? 4. Describe What happens to equilibrium during the rise and fall of a fad? 5. Check Understanding What is likely true about demand if you see a sign in a store that says "Great Bargains-All Boots Must Go!"