Econ Determinates of supply and demand

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13 Terms

1
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Demand

TRIBE

2
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T

Change in taste/preferences

3
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R

Change in price of RELATED GOODS

4
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I

Change in income

5
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B

Change in number of BUYERS

6
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E

change in buyer expectations

7
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Supply

ROTTEN

8
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R

Change in price of Resources

9
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O

Change in prices of other goods

10
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T

Change in technology

11
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T

Changes in taxes

12
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E

change in producer expectations

13
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N

change in number of producers