Answer:
(1) Demand Determinant - Number of purchasers
Supply Determinant - None
If individuals opt to have additional children, this results in an increased number of purchasers. Consequently, this influences the demand for a specific product, causing the demand curve to shift to the right.
(2) Supply Determinant - Prices of inputs
Demand Determinant - None
Steel is a key resource for companies, and if steel prices rise, production costs will increase, leading to a decrease in product supply.
(3) Supply Determinant - Technological advancements
Demand Determinant - None
Innovative technology will enhance firms' productivity, thereby increasing product supply.
(4) Demand Determinant - Pricing of substitute or complementary products
Supply Determinant - None
When the price of a substitute product goes up, the demand for minivans rises, resulting in a shift of the demand curve to the right.
(5) Demand Determinant - Changes in income
Supply Determinant - None
A decline in consumer wealth leads to diminished demand for minivans, prompting a leftward shift of the demand curve.
