AP ECON- Shifters of Demand and Supply
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Last updated 3:29 AM on 9/5/24
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11 Terms
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B in Demand
a change in the number of buyers
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I in Demand
a change in income
3
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T in demand
a change in consumer taste and preferences
4
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E in Demand
A change in the expectation of a future price
5
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P in demand
a change in the price of a related good (substitute or complement)
6
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T in Supply
Business taxes, regulations, or subsidies
7
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I in supply
a change in resource or input prices
8
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G in supply
a change in gadgets/technology
9
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E in supply
a change in the future expectations of sellers
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R in Supply
a change in the price of related goods
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S in supply
a change in the number of suppliers
Note 
Flashcards (491)