13 terms

Supply and Demand Quiz

STUDY
PLAY
Demand mnemonic
TRIBE
T
Tastes
R
Prices of Related Good (substitutes vs. complements)
I
Income (normal vs. inferior)
B
Number of Buyers
E
Expectations (price or income)
Supply mnemonic
ROTTEN
R
Resource Prices
O
Other goods
T
Technology
T
Taxes and subsidies
E
Expectations (price)
N
Number of sellers
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