Determinants of supply and demand

Non- Price Determinants of Demand

I - Change in consumer income
N - Change in the number of consumers
S - Change in the price of substitute goods
E - Change in expectations about the future
C - Change in the price of complementary goods
T - Change in consumer tastes or preferences

Non- Price determinants of supply

C - Change in the cost of production (cost of resources)
O -Change in other profit opportunities available.
G –Government intervention
E - Change in the expectations about the future
N - Change in the number of sellers in the market
T - Change in technology

It is important to note that a change in price which cause a quantity supplied or quantity demanded however a change in non- price determinant will cause shift in the demand curve or the supply.