Determinants of Supply & Demand
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10 Terms
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Demand 1
taste and preferences
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Demand 2
number of consumers
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Demand 3
price of related goods
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Demand 4
income
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Demand 5
expectations
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Supply 1
price/availability of resources
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Supply 2
number of sellers
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Supply 3
technology
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Supply 4
government actions: taxes and subsidaries
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Supply 5
expectations of future profit
Note 
Flashcards (170)