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Supply and Demand Shifters

Supply and Demand Shifters. Preparing to Teach HS Economics 2014. Demand Shifters: Move the curve. Tastes and preferences Related goods Substitutes Complements Income of buyers Consumers (#) Expectations about future prices. P. D3. D1. D2. Q. Supply shifters: Move th e curve.

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Supply and Demand Shifters

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  1. Supply and Demand Shifters Preparing to Teach HS Economics 2014

  2. Demand Shifters: Move the curve • Tastes and preferences • Related goods • Substitutes • Complements • Income of buyers • Consumers (#) • Expectations about future prices P D3 D1 D2 Q

  3. Supply shifters: Move the curve • Market size • Expectations of future prices • Resource costs • Innovation/technology • Taxes and subsidies • *complements in production S3 S1 S2 P Q

  4. Peq, Qeq and Shifters S1 P Peq1 D1 Qeq1 Q

  5. Peq, Qeq and Shifters S1 P D P Q Peq2 Peq1 D2 D1 Qeq1 Qeq2 Q

  6. Peq, Qeq and Shifters S1 P D P Q Peq1 Peq2 D2 D1 Qeq2 Qeq1 Q

  7. Peq, Qeq and Shifters S1 S2 P S P Q Peq1 Peq2 D1 Qeq1 Qeq2 Q

  8. Peq, Qeq and Shifters S2 S1 P S P Q Peq2 Peq1 D1 Qeq2 Qeq1 Q

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