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4 Cards in this Set
- Front
- Back
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Factors Effecing Demand |
Level of disposable income interest rates tastes and preferences population growth consumer confidence price of substitutes |
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factors effecting supply |
changes in cost of production technological changes productivity growth climatic conditions |
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factors effecing demand elasticity |
availability of substitues time taken for price changes degree of necessity proportion of income |
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factors effecting supply elasticity |
spare capacity durability of goods production period |
