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24 terms

Demand & Supply Determinants

STUDY
PLAY
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