Determinants of demand:- Tastes & preferences: demand shifts right.- income: demand for normal goods shifts right, while demand for inferior goods shifts left.-Price of substitutes: demand shifts right-Price of compliments: demand shifts left-Number of buyers: demand shifts right-price expectations: demand shifts right Determinants of supply:- Production technology: Supply shifts right- Cost of resources: Supply shifts left- Price of related commodities: supply shifts left-price expectations: Supply shifts left-number of sellers: supply shifts right-taxes: supply shifts left-subsides: supply shifts right

- Which demand and/or supply determinants (as isted in the pages provided) do you think impacting the oil industry and the larger economy? - Explain whether the determinants affect demand or supply and whether the determinant shifts the curve to the right or left (in our current economy). -If all adults who earned less than $99,000 per year 'eceived a $1 ,200 check from the government, do you think it will help the economy? What determinant(s) would be changing? -What do you think would be some of the determinants that will hinder the recovery of the travel, entertainment, and hospitality industries