Select a scenario to see how supply and demand shift in a real market.
Exam tip: Always draw a diagram. Label axes (Price on Y, Quantity on X), original curves (D₁, S₁), shifted curves (D₂ or S₂), and both equilibrium points (E₁, E₂). Show the direction of change in P and Q with arrows. Diagrams can earn up to 4 marks on their own.