Abstract
Most textbooks are incomplete or potentially confusing in their treatment of the dynamic process resulting from a change in demand or a change in supply. While they are not incorrect in their comparative statics results, they can leave students unclear about the process involved. The authors suggest an approach that addresses the deficiency.
Recommended Citation
(2026)
"Shifts in Supply and Demand and the Corresponding Changes in Equilibrium Price and Quantity: Explaining the Process,"
Journal of Economics and Finance Education: Vol. 16:
Iss.
1, Article 4.
Available at:
https://scholarship.rollins.edu/jefe/vol16/iss1/4
