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Determinants of Supply and Demand August 26, 2008

Posted by petrarcanomics in Markets: Supply & Demand, Videos.
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The following determinants cause shifts in the entire 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

The following determinants cause shifts in the entire supply curve:

  • change in 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.

The following videos explain this concept further:

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Comments»

1. gene michael - January 8, 2009

thanks for the info..
this is our assignment

more power!!

godbless

2. aj - June 25, 2009

more info please on how to do much better bussiness

3. james - September 10, 2009

i wish i had the person in this video teaching me, honestly he makes economics sound interesting.

Thank you

4. intikhab alam - February 2, 2010

i want article on DETERMINANTS OF SUPPLY
so please send me this article

5. sana - April 18, 2010

plz tell me assumptions of supply


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