Supply Determinants
Demand Determinants
Parts of the Graph
Laws and Shifts
100
Many new coffee shops open around the city
Number of sellers
100
Iphones double in price so people start buying Androids
Other goods (related goods)
100
Point B on this graph is 
The equilibrium point (price)
100
As price increases, demand
decreases
200
The microchips that go in cellphones increase in price dramatically
Resource cost
200
New jobs bring a wave of new consumers into town
Change in buyers
200
Line A on this graph is
The supply line
200
As price increases, supply
Increases
300
The government puts a tax on soda for health reasons
Subsides and taxes
300
You get a tax refund of $800 that you did not expect
Change in income
300
Line C on this graph is
The demand line
300
A demand decrease is shown on the graph with a shift to the
left (under)
400
Your cafe builds a waffle maker and now you can make waffles a lot faster
Technology
400
The CEO of Tesla becomes a controversial political figure causing his company stock to go down
Tastes and Preferences
400
Any price above B on this graph would cause a
Surplus
400
A supply increase is shown by a shift to the
right
500
Hat producers making bucket hats see the popularity of baseball caps and switch their production
Other Goods
500
I want to buy an electric car, but I am confident they will be less expensive in a year so I wait.
Expectations
500
Any price below point B on this graph would cause a
Shortage
500
The supply line is always going _____ while the demand line is always going _____
Up; down