Demand & Supply Determinants

24 terms by snapoli

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tastes and preferences decline

decrease in demand

income fall

decrease in demand

price of substitute falls

decrease in demand

price of complement rises

decrease in demand

number of buyers fall

decrease in demand

expecting future glut

decrease in demand

tastes and preferences grow

increase in demand

income rises

increase in demand

price of substitue rises

increase in demand

price of complement falls

increase in demand

number of buyers grow

increase in demand

expecting future shortages

increase in demand

tecnology harms productivity

decrease in supply

resource cost rise

decrease in supply

price of production of substitute rises

decrease in supply

expectation of rise in future price of product

decrease in supply

decreasing number of sellers

decrease in supply

increase in taxes or reduction in subsidies

decrease in supply

technology improves productivity

increase in supply

resource costs fall

increase in supply

price of a production substitute falls

increase in supply

falling future price expectations for product

increase in supply

rising number of sellers

increase in supply

decrease in taxes or increase in subsidies

increase in supply

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