Supply & Demand Curve Shift Factors
- Created by: Millie8988
- Created on: 07-11-17 12:00
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- Causes of Inward Shift Supply
- Higher Tax
- Higher Input Costs
- No. of Producers (in the market) Decreases
- Negative Random Shocks
- Lower Future Prices
- Decreased Subsidies
- Causes of Inward Shift Demand
- Population Deacreases
- Negative Consumer Tastes
- Smaller Distribution of Income
- Decrease in Consumer Income
- Price of Substitute Decrease
- complimentary Good Price Increases
- Lower Future Prices
- Lower Tax
- Causes of Outward Shift Supply
- Lower Input Costs
- No. of Producers (in the market) Increases
- Positive Random Shocks
- Higher Future Prices
- Better Technology
- Increased Subsidies
- Causes of Outward Shift Supply
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