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Determinants of Demand

Determinants of Demand

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Determinants of Demand

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  1. 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

  2. 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

  3. A Price Ceiling AP Microeconomics Visual 2.11 National Council on Economic Education http://apeconomics.ncee.net

  4. A Price Floor AP Microeconomics Visual 2.12 National Council on Economic Education http://apeconomics.ncee.net

  5. Changes in Supply and Quantity Supplied AP Microeconomics Visual Visual 2.3 National Council on Economic Education http://apeconomics.ncee.net

  6. 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

  7. Equilibrium AP Microeconomics Visual Visual 2.5 National Council on Economic Education http://apeconomics.ncee.net

  8. Shifts in Demand and Supply AP Microeconomics Visual Visual 2.6 National Council on Economic Education http://apeconomics.ncee.net

  9. Qualities That Affect Elasticity of Demand AP Microeconomics Visual Visual 2.7 National Council on Economic Education http://apeconomics.ncee.net

  10. Elasticity Coefficients AP Microeconomics Visual Visual 2.8 National Council on Economic Education http://apeconomics.ncee.net

  11. Summarizing Price Elasticity of Demand AP Microeconomics Visual Visual 2.9 National Council on Economic Education http://apeconomics.ncee.net

  12. Tax Incidence and Elasticity of Demand AP Microeconomics Visual National Council on Economic Education http://apeconomics.ncee.net