Pages in this set

Page 1

Preview of page 1


Market Reason for Change Diagram Surplus or Change in Demand Curve Supply Curve Change in
Change Shortage Price Quantity
Increased Successful advertising/change in Market Increase Shift right No shift Increase
Demand fashion shortage Move up
Increase in income (normal good)
Decrease in income (inferior good)
Seasonal change
Increased population
Increase…

Page 2

Preview of page 2
Decrease Increase cost of production (higher Market Increase No shift Shift left Decrease
d Supply wages) shortage Move up
Exhaustion of raw materials
Increased indirect taxation
Reduced subsidies
Reduced supply of a good in joint
supply
Increased demand for a good with
composite demand

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »