Econ—Determinants of Supply and Demand

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12 Terms

1
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Prices of related goods

  • Determinant of demand

2
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Number of consumers

  • Determinant of demand

3
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Consumer tastes and preferences

  • Determinant of demand

4
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Future expectations

  • Determinant of demand

5
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Consumer income

  • Determinant of demand

6
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Technology

  • Determinant of supply

7
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Wars and natural disasters

  • Determinant of supply

8
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Expectations of future profit

  • Determinant of supply

9
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Number of producers

  • Determinant of supply

10
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Government action: excise tax

  • Determinant of supply

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Government actions: subsidies

  • Determinant of supply

12
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Availability of inputs

  • Determinant of supply