Page 99 - F1 - AB Integrated Workbook STUDENT 2018-19
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External analysis – economic factors
5.2 Shifts in supply/demand
Changes in supply/demand result in new equilibrium price
In exam questions consider whether it is the supply curve or the demand curve
that is moving and in which direction/
Example – a good tea harvest will result in lower prices
P D S 1 S 2
P 1
P 2
Q 1 Q 2 Q
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