FIGURE 8 SUMMARY OF CHANGES IN DEMAND AND SUPPLY AND THEIR DETERMINANTS
imageVarious factors cause a market demand curve to shift to the left (decrease in demand) or shift to the right (increase in demand) in panel A. Similarly, various factors cause a market supply curve to shift to the left (decrease in supply) or shift to the right (increase in supply) in panel B. The table summarizes the factors influencing demand and supply shifts.