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What happens to equilibrium price if both supply and demand increase

This video shows the potential outcomes for equilibrium price, if both the supply and demand curves shift right. The answer is unknown without knowing the magnitudes of the shifts, and this is explained. We explain what happens to cause the changes in both supply and demand and then demonstrate the resulting effect that these changes have on the price. We can see from the video that there is definite direction that price must move but that is not the end of the story. We also have to take into account the magnitude of the changes to both supply and demand. Once we know the magnitude of the changes we can figure out the new equilibrium price and whether this equilibrium price will be higher or lower than the original market price. We can also then explore the equilibrium quantity to see how it compares to the original market quantity found in the beginning of the problem. More info is available at http://www.freeeconhelp.com/2011/08/w...