The question is in the picture below. Did I shift the two curves correctly? (I shifted both the supply and demand curves down)

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- Sep 21st 2013, 12:55 PMmichellederzEconomics ~ Shift in Supply & Demand Curves
The question is in the picture below. Did I shift the two curves correctly? (I shifted both the supply and demand curves down)

Attachment 29227 - Sep 21st 2013, 09:36 PMchiroRe: Economics ~ Shift in Supply & Demand Curves
Hey michellederz.

Are you assuming that demand stays the same (but price increases)? If that is the case then you only shift the price line and not the demand line.