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Exhibit: Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market, the change in supply may have resulted from:

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Exhibit: Simultaneous Shifts in Demand and Supply

-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market, the change in supply may have resulted from:

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The shift in supply can be explained by an improvement in technology, which would increase the quantity supplied at every price level. Wage increases for workers or a decrease in the number of sellers would have a negative impact on supply, shifting the supply curve to the left. However, the exhibit shows the supply curve shifting to the right, indicating an increase in supply.

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