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Shifters of D and S

The 5 shifters/determinants of Demand and the shifters/determinants of Supply

TermDefinition
First Shifter of Demand Tastes and Preferences
Second Shifter of Demand Number of consumers
Third Shifter of Demand Price of Related Goods
Fourth Shifter of Demand Income
Fifth Shifter of Demand Future Expectations
First Shifter of Supply Prices/Availability of Inputs/Resources
Second Shifter of Supply Number of Sellers
Third Shifter of Supply Technology
Fourth Shifter of Supply Government Action: Taxes and Subsidies
Fifth Shifter of Supply Expectation of Future Profit
Created by: JasonXu
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