Supply vs Demand Shift Factors
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Last updated 8:20 PM on 3/29/26
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14 Terms
1
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Change in tastes or preferences
Demand
2
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Change in price of related goods
Demand
3
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Change in income
Demand
4
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Change in number of buyers
Demand
5
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Future expectations
demand
6
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Law of demand
Quantity demanded varies inversely with price
7
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Law of supply
The quantity of goods and services varies directly with price
8
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Change in input costs/resources
Supply
9
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Change in technology
Supply
10
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Expectations of different future prices
Supply
11
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Related goods
Supply
12
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Number of producers
Supply
13
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Taxes, subsidies, trade barriers, or government regulations
supply
14
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Resources (physical changes like droughts)
Supply
