Search form. Barack Obama. Barack Obama is the 44th President of the United States. His story is the American story -- values from the heartland, a middle-class upbringing in a strong family, hard work and education as the means of getting ahead, and the conviction that a life so blessed should be lived in service to others.
If both demand and supply decrease, consumers wish to buy less andfirms wish to supply less, so output will fall. However, since consumers place a lower value on each unit, but producers are willing to supply each unit only at higher prices, the effect on price will depend on the relative size of the two changes.
Factors. A demand curve can shift to the left for a wide variety of reasons. A negative product review can reduce consumer demand for an item, shifting the demand curve to the left. Similarly, a government health warning about an item also can reduce demand and shift the curve. Simple competition also can cause the demand curve to shift left, as consumers stop buying one product in favor of a newer, more desirable item.