Determinants of Supply & Demand
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9 Terms
1
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Determinant of Demand #1
Tastes and Preferences
2
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Determinant of Demand #2
Income
3
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Determinant of Demand #3
Prices of related goods
4
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Determinant of Demand #4
Number of buyers
5
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Determinant of Demand #5
Expectations regarding future prices, income, and availability
6
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Determinant of Supply #1
Production technology
7
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Determinant of Supply #2
Input prices
8
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Determinant of Supply #3
Expectations
9
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Determinant of Supply #4
Number of sellers
Note 
Flashcards (90)