Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in t ...

Identify a good you commonly use or would like to use. Explain at
least three factors that would result in a shift in the demand curve
for that good and three factors that would result in a shift in the
supply curve for that good. Describe the effect on equilibrium price
and quantity of each factor. Finally, explain how the shifts in demand
and supply are different from movements along the demand curve or
movements along the supply curve and why the distinction is important.
Your response should be no more than 500 words

Solution: