Any change in the price, supply or demand can affect the entire curve. When you chart your supply and demand lines based on price, the equilibrium curve is the price where the two lines intersect.

The demand curve is one of the fundamental concepts of economics. It illustrates the relationship between the price of a good or service and the demand for that product, that is, the way a change ...

The price elasticity of a product describes how sensitive suppliers and buyers are to changes in price. It doesn't change in relation to supply and demand, but it defines the slope of each curve.

Learn how aggregate demand is calculated in macroeconomic models, what factors can cause the aggregate demand curve to shift, and what causes aggregate demand shock.

The Phillips curve is a mathematical relationship that seeks to describe the factors that drive inflation movements. Such factors can include demand and supply forces, expected future inflation, and ...

However, elasticities computed at the mean level of observations for each period differ not only because of changes in the slope and the level of the demand curve, but also because of changes in ...