supply and demand shifters
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11 Terms
1
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name the five shifters of supply
-prices/availability of inputs (resources)
-number of sellers
-technology
-government action (taxes and subsidies)
-expectations of future profit
2
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name the five shifters of demand
-taste and preferences
-price of related goods
-number of consumers
-income
-future expectations of price
3
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taste and preferences
demand
4
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number of consumers
demand
5
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price of related goods
demand
6
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income
demand
7
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future expectation of price/profit
supply/demand
8
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prices/availability of inputs (resources)
supply
9
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number of sellers
supply
10
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technology
supply
11
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government action: taxes and subsidies
supply (taxes-supply down and subsidies-supply up)
Note 
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