Economics GCSE
Shifts in supply and demand
What Shifts in supply and demand means in Economics GCSE, as defined for AQA.
Definition of Shifts in supply and demand
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Reference: AQA
An increase in demand shifts the demand curve right and raises the equilibrium wage, while an increase in supply shifts the supply curve right and lowers the equilibrium wage.
Topics that use Shifts in supply and demand
- The labour market (AQA GCSE)
Related terms
Using Shifts in supply and demand in the exam
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