Determinants of demand
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Determinants of Demand. FACTORS THAT SHIFT THE DEMAND CURVE Change in consumer tastes Change in the number of buyers Change in consumer incomes Change in the prices of complementary and substitute goods Change in consumer expectations. Tax Incidence and Elasticity of Demand.

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Presentation Transcript
Determinants of demand l.jpg
Determinants of Demand

  • FACTORS THAT SHIFT THE DEMAND CURVE

  • Change in consumer tastes

  • Change in the number of buyers

  • Change in consumer incomes

  • Change in the prices of complementary

  • and substitute goods

  • Change in consumer expectations

AP Microeconomics Visual Visual 2.2

National Council on Economic Education http://apeconomics.ncee.net


Tax incidence and elasticity of demand l.jpg
Tax Incidence and Elasticity of Demand

The more inelastic the

demand for a good, the

more the incidence of an

excise tax can be shifted

to the consumer.

AP Microeconomics Visual 2.10

National Council on Economic Education http://apeconomics.ncee.net


A price ceiling l.jpg
A Price Ceiling

AP Microeconomics Visual 2.11

National Council on Economic Education http://apeconomics.ncee.net


A price floor l.jpg
A Price Floor

AP Microeconomics Visual 2.12

National Council on Economic Education http://apeconomics.ncee.net


Changes in supply and quantity supplied l.jpg
Changes in Supply and Quantity Supplied

AP Microeconomics Visual Visual 2.3

National Council on Economic Education http://apeconomics.ncee.net


Determinants of supply l.jpg
Determinants of Supply

  • FACTORS THAT SHIFT THE SUPPLY CURVE

  • Change in resource prices or input prices

  • Change in technology

  • Change in taxes and subsidies

  • Change in the prices of other goods

  • Change in producer expectations

  • Change in the number of suppliers

  • Any factor that increases the cost of production decreases supply.

  • Any factor that decreases the cost of production increases supply.

AP Microeconomics Visual Visual 2.4

National Council on Economic Education http://apeconomics.ncee.net


Equilibrium l.jpg
Equilibrium

AP Microeconomics Visual Visual 2.5

National Council on Economic Education http://apeconomics.ncee.net


Shifts in demand and supply l.jpg
Shifts in Demand and Supply

AP Microeconomics Visual Visual 2.6

National Council on Economic Education http://apeconomics.ncee.net


Qualities that affect elasticity of demand l.jpg
Qualities That Affect Elasticity of Demand

AP Microeconomics Visual Visual 2.7

National Council on Economic Education http://apeconomics.ncee.net


Elasticity coefficients l.jpg
Elasticity Coefficients

AP Microeconomics Visual Visual 2.8

National Council on Economic Education http://apeconomics.ncee.net


Summarizing price elasticity of demand l.jpg
Summarizing Price Elasticity of Demand

AP Microeconomics Visual Visual 2.9

National Council on Economic Education http://apeconomics.ncee.net


Tax incidence and elasticity of demand12 l.jpg
Tax Incidence and Elasticity of Demand

AP Microeconomics Visual

National Council on Economic Education http://apeconomics.ncee.net


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