![Was the High Inflation of 2021–2022 Due to Shifts in Aggregate Demand or Shifts in Aggregate Supply? – HubbardOBrienEconomics.com Blog Was the High Inflation of 2021–2022 Due to Shifts in Aggregate Demand or Shifts in Aggregate Supply? – HubbardOBrienEconomics.com Blog](https://learningeconomics144070344.files.wordpress.com/2022/07/ch23_trending_figure_1-1.png)
Was the High Inflation of 2021–2022 Due to Shifts in Aggregate Demand or Shifts in Aggregate Supply? – HubbardOBrienEconomics.com Blog
![If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium, If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium,](https://homework.study.com/cimages/multimages/16/0017257857584801068699.jpg)
If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium,
![3.2 Shifts in Demand and Supply for Goods and Services – Principles of Microeconomics – Hawaii Edition 3.2 Shifts in Demand and Supply for Goods and Services – Principles of Microeconomics – Hawaii Edition](http://pressbooks.oer.hawaii.edu/principlesofmicroeconomics/wp-content/uploads/sites/5/2018/05/CNX_Econ_C03_022.jpg)
3.2 Shifts in Demand and Supply for Goods and Services – Principles of Microeconomics – Hawaii Edition
![If a market begins in equilibrium and then supply curve shifts rightward, at the original equilibrium price, a: a) Shortage is created, which is eliminated by the demand curve shifting further to If a market begins in equilibrium and then supply curve shifts rightward, at the original equilibrium price, a: a) Shortage is created, which is eliminated by the demand curve shifting further to](https://homework.study.com/cimages/multimages/16/supply_shift2029635034045947165.png)