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 Q D1 D2 D3

3. Supply shifters: Move the curve  Market size  Expectations of future prices  Resource costs  Innovation/technolo gy  Taxes and subsidies  *complements in production P Q S3 S2S1

4. Peq, Qeq and Shifters P P eq 1 S1 D1 Q eq 1 Q

5. Peq, Qeq and Shifters P P eq 1 S1 D1 Q eq 1 Q D2 P eq 2 Q eq 2 DPQDPQ

6. Peq, Qeq and Shifters P P eq 1 S1 D1 Q eq 1 Q D2 P eq 2 Q eq 2 DPQDPQ

7. Peq, Qeq and Shifters P P eq 1 S1 D1 Q eq 1 Q S2 P eq 2 Q eq 2 SPQSPQ

8. Peq, Qeq and Shifters P P eq 1 S1 D1 Q eq 1 Q S2 P eq 2 Q eq 2 SPQSPQ