- Demand Schedules and Demand Curves
a. Shifts in the Demand Curve
a. 1. Consumers’ Income
b. 2. Prices of Other Goods
c. 3. Consumers’ Tastes
d. 4. Population
e. 5. Significant Changes in Weather
b. Movements Along the Curve Versus Shifts of the Whole Curve
D. 3.2 Supply - Quantity Supplied
- Quantity Supplied and Price
- Supply Schedules and Supply Curves
a. Shifts in the Supply Curve
a. 1. Prices of Inputs
b. 2. Technology
c. 3. Government Taxes or Subsidies
d. 4. Prices of Other Products
e. 5. Significant Changes in Weather
f. 6. Number of Suppliers
b. Movements Along the Curve Versus Shifts of the Whole Curve
E. 3.3 The Determination of Price - The Concept of a Market
- Market Equilibrium
- Changes in Market Equilibrium
F. A Numerical Example - Relative Prices
G. Summary
rishikesh
(rishikesh)
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