Micro Unit 2, Question 5: Double Shifts in Supply and Demand

The video tutorial explains the simultaneous shifts in demand and supply curves and their impact on price and quantity. It introduces the concept of indeterminate price, where the price cannot be determined due to opposing shifts. A technique is suggested to analyze these shifts separately on different graphs to better understand their effects. The tutorial concludes that while quantity will definitely increase, the price remains indeterminate.

Discuss the relationship between price and quantity when the demand curve shifts further up.

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What is the expected outcome for price and quantity when both demand increases and supply shifts to the right?

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