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7 Cards in this Set
- Front
- Back
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Factors that change demand |
1. Price of x 2. Incomes 3. Advertisement 4. Seasonal factors 5. Quality 6. Expectation(pessimistic/opti.) 7. Population(ages/moving in+out) 8. Style/ bandwagon effect 9.prices of related goods 10. Health factors 11. Taste/preferences |
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Factors that change supply |
1. Price of x 2. Technology 3. Price of inputs- wages up production down- curve shifts left 4. Govt policy 5. Taxes/subsides 6. Population 7. Natural disasters 8.expectation 9. Demand |
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Demand graphs |
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Supply graph |
Back (Definition) |
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Equilibrium concept |
Back (Definition) |
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Equilibrium concept examples |
Back (Definition) |
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More equilibrium examples |
Back (Definition) |
