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Shifts in supply and demand

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How various situations affect the relative positions of the supply and demand curves.

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If you look at a graph of a supply and demand curve, you will see that each curve represents the willingness of the parties to transact at different prices. For greater quantities, sellers are generally willing to lower the price. Anything that affects this willingness or ability to produce will shift the supply curve. The downward sloping demand curve expresses the willingness of buyers to pay more for a limited quantity (where rich buyers can afford things) and less as the market becomes saturated with the good. Anything that affects the willingness or ability of buyers to pay for the ...

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