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Sup/Dem Determinants

QuestionAnswer
Change in income (normal or inferior good) Demand Determinant
Change in tastes and preferences Demand determinant
The price of a related good (complement or substitute) Demand determinant
Change in future expectations Demand determinant
Change in the composition or size of the population of consumers Demand determinant
Changes in the prices of inputs (because of how it influences costs of production and profit) Supply determinant
Changes in the weather Supply determinant
Changes in technology Supply determinant
Changes in government policies Supply determinant
Changes in future expectations Supply determinant
Change in the composition or size of the population of producers Supply determinant
Created by: EdL
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