We can't find the internet
Attempting to reconnect
Something went wrong!
Hang in there while we get back on track
things that make rubber bands not work anymore? J/k I didn’t know so I looked it up.
Determinants of Demand
The major nonprice determinants of demand are: (1) income, (2) tastes and preferences, (3) the price of related goods, (4) changes in expectations of future relative prices, and (5) population (I.e., market size). The major nonprice determinants of supply are: (1) input costs, (2) technology, (3) taxes and subsidies, (4) expectations of future relative prices, and (5) the number of firms in the industry.
Substitutes: a change in the price of one causes a shift in demand for the other in the same direction (e.g. butter and margarine)
Complements: a change in the price of one good causes a shift in demand for the other in the opposite direction (e.g., stereo amplifiers and speakers, nuts and bolts)
Distinguish between Changes in Demand and Changes in Quantity Demanded
Change in Demand—results from change in a non-price determinant of demand (curve moves)
Change in Quantity Demanded—results from change in price (move along curve)
Taken from http://campus.greenmtn.edu/faculty/gregbrown/sc310/sc310nt1.html
Necessities versus Luxuries Availability of Close Substitutes Definition of the Market Time Horizon Relative Size of Purchase
-
What's it mean to be determined? - 4 Answers
I'm determined to blahblah. What's it mean?
-
Does your foot size determine when you stop growing? - 2 Answers
I'm 16,im 5'6"-5'7"ft and heck I weigh around 135 pounds, probably more because I changed my eating habits...but yeah I've re...
-
What determines the date Thanksgiving is on? - 9 Answers
Like who decides that? Is there something specific that makes the holiday a certain date?
-
Why people dream? - 2 Answers
Why do people dream and what factors determine what type of dream one has?
-
The missing Letter - 1 Answers
RIDDLE ME THIS: Determine what letter should replace the ? at the end: M M L J A are C C G E P C ?
-
Shameless when is it on & wht time? - 2 Answers
when is shameless on & what time, I've been watching on demand, :) & I've got up to the end of series 5, know there playing s...
-
What size earring do I need? - 1 Answers
I bought a curved barbell earring for when I get my tragus peirced but I'm not sure if it's the right size. What size do I ne...
-
What's the right anwer to this riddle? - 3 Answers
A man hijacks an aeroplane transporting both passengers(8 of them) and valuable cargo. After taking the cargo, the man demand...
-
Pessimistic / optimistic? - 2 Answers
Pessimism is when you think negative and optimism is vice-versa, so what do you call it when a person determines an outcome t...
-
Another Puzzle for the bored peoples. - 8 Answers
Below you will find ten 6 letter words, however, every other letter is missing. Can you determine the words? _s_e_d _p_a_g ...
The Spanish Group
Translation Services, Document Translation, Language Services
Zazzle
Designs, Collections, Gifts