Determinates of supply and demand

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11 Terms

1
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T (demand)

tastes of consumers

2
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B demand)

Buyers (amount)

3
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P (demand)

Price of related good

4
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I (demand)

Income

5
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E (demand)

expectations of future prices

6
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T (supply)

Taxes and subsidies

7
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P (supply)

Price of related product

8
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R (supply)

Resource price

9
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E (supply)

expectations of sellers

10
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N (supply)

Number of Sellers

11
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T2 (supply)

Technology