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Shift in a Demand Curve
Yay! I'm so happy I got a raise at work!!
You know what this means....
Now I can finally afford to buy double the amount of cupcakes I usually buy!
And therefore the demand curve shifts to the right...
Shift in a Supply Curve
Man, everything is going splendidly. The company's flourishing and I'm drowning in money at this point!
And then one day Ted's factory is hit by a meteor and everything is lost and beyond repair...
Ted spoke too soon, now the only thing he is drowning in are tears.
Now that Ted is no longer a supplier, the supply curve has shifted to the left.
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