Categories Demand and supply ?

The determinants of supply are:

1. Production costs: how much a good costs to be produced. Production costs are the cost of the inputs, primarily labor, capital, energy and materials. Production costs depend on the technology used in production, and/or technological advances. See: Productivity
2. Firms' expectations about future prices
3. Number of suppliers

The determinants of demand are:

1. Income.
2. Tastes & preferences.
3. Prices of related goods and services.
4. Consumers' expectations about future prices and incomes that can be checked.
5. Number of potential consumers.