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Determinants of Demand & Supply Flashcards | StudBud

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producers offer more of a good as its price increases and less as its price falls

consumer expectations

Determinants of Demand & Supply

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Questions 12

Answers

1
consumer expectations
quantity supplied
after dinner mint
determinant of demand
determinant of supply
2
producers offer more of a good as its price increases and less as its price falls
law of supply
consumer
law of demand
price
3
the higher the price, the lower the quantity demanded
law of demand
consumer
quantity supplied
law of supply
4
number of producers
curve
determinant of demand
demand curve
determinant of supply
5
the price where the quantity supplied equals the quantity demanded
equilibrium price
supreme pizza
surplus
shortage
6
price of related goods
natural resource
determinant of supply
determinant of demand
quantity supplied
7
income of consumers
law of supply
determinant of demand
variable
determinant of supply
8
price of a good
determinant of demand
natural resource
quantity supplied
determinant of supply
9
resource prices
law of demand
quantity supplied
determinant of demand
determinant of supply
10
this does not change the supply curve
price
income
space
pavement
11
tastes and preferences
natural resource
determinant of supply
income
determinant of demand
12
technological changes
determinant of demand
law of demand
determinant of supply
law of supply