Bringing Supply and Demand Together

The demand and/or supply curves will shift when one of the many determinants of demand or supply (input prices, prices of related products, number of suppliers, expectations, technology, and so on) changes.

• The demand and/or supply curves will shift when one of the many determinants of demand or supply (input prices, prices of related products, number of suppliers, expectations, technology, and so on) changes.
• These changes (shifts) in the demand and supply curves will lead to changes in the equilibrium price and equilibrium quantity.