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Worksheet 7.5: Simultaneous Shifts 1. Start by drawing four supply and demand graphs in equilibrium. To each one, make the following change: (A) There is

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Worksheet 7.5: Simultaneous Shifts 1. Start by drawing four supply and demand graphs in equilibrium. To each one, make the following change: (A) There is a small increase in demand and a larger increase in supply (B) There is a small increase in demand and an equal decrease in supply (C) There is a large decrease in demand and a small increase in supply (D) There is a large increase in demand and a small decrease in supply (A) (B) Price Price E1 D1 DI Quantity Quantity Change in P? Q? Change in P? Q? (C) (D) ce S1 Price S1 E1 E1 D1 D1 Quantity Quantity Change in P?_Q? Change in P?

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