Microeconomics

2.Compare shifts of demand or supply curve, and movements of demand or supply curve alongside the same demand or supply curve. When such shifts or movements alongside the same demand or supply curve can be occurred?

3.When there is an increase in demand with no change in supply, how about the result?

4.When there is a decrease in supply with no change in demand, how about the result?

5.How can you explain the First Oil Shock in 1973 and the Second Oil Shock in 1979 using these demand and supply concepts?