determinants of demand n.
Skip this Video
Loading SlideShow in 5 Seconds..
Determinants of Demand PowerPoint Presentation
Download Presentation
Determinants of Demand

play fullscreen
1 / 4
Download Presentation

Determinants of Demand - PowerPoint PPT Presentation

baxter
215 Views
Download Presentation

Determinants of Demand

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Determinants of Demand • Change in consumer income • Change in tastes and preferences • Change in the price of a substitute good • Change in the price of a complementary good • Change in consumers’ price expectations • Change in number of consumers in the market

  2. Shifts in Demand Demand price Quantity of pecans per day

  3. Determinants of Supply • Change in the cost of productive resources • Change in technology • Change in profit opportunities of producing other products • Change in producers’ price expectations • Change in number of sellers in the market • Change in the government tax or subsidy

  4. Shifts in Supply Supply price Quantity of pecans per day