Important model in economics-supply and demand model

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Important model in Economics - the Supply & Demand model. The chapter talks about the differences between movement along the supply and demand curves vs. shifts of the entire curves. It lists five things that would shift the entire demand curve and five things that would shift the entire supply curve. Please pick one of those ten things and explain which curve is going to be affected by it, why, and in what way (for example: change in consumers' income will shift the entire demand curve. The direction of the shift depends on the type of good - normal good or inferior good).

Reference no: EM131174312

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