The 5 shifters/determinants of Demand and the shifters/determinants of Supply
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| First Shifter of Demand | Tastes and Preferences
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| Second Shifter of Demand | Number of consumers
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| Third Shifter of Demand | Price of Related Goods
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| Fourth Shifter of Demand | Income
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| Fifth Shifter of Demand | Future Expectations
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| First Shifter of Supply | Prices/Availability of Inputs/Resources
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| Second Shifter of Supply | Number of Sellers
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| Third Shifter of Supply | Technology
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| Fourth Shifter of Supply | Government Action: Taxes and Subsidies
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| Fifth Shifter of Supply | Expectation of Future Profit
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