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1 % increase in priceresultedin?>?1 % change in demand
by changes in factors other than a goods price that influence consumer decisions Consumer income Number of consumers Price of related goods Expectations Demographics Tastes and preferences 17 Demand Shifter # 1 Change in Consumer Income For most goods(passive) caused byChange in Demand
Change in expectations Change in the number of consumers Change in the number of consumers 14 Consumer Income Changes in consumer incomecan causea change in demand
a change in some factor other than the price of the good changing(passive) is caused byA change in demand
A change in income , preferences , or prices of other goods or services ... a ... movement along the demand curvecausesa change in demand
A change in any factor that affects the demand for a good , other than its pricecausesa change in demand
If change in price does not cause a relatively smaller change in quantity demanded Factorscausea change in demand
by changes in something other than the price of the good(passive) caused byA change in demand
changes in something other than the price of the good(passive) caused byA change in demand
by changes in a variable other than the price of the good(passive) caused byA change in demand
by any change that changes quantity(passive) caused bychange in demand
by 1 % change in the price(passive) caused by% change in demand
A change in one or more of the determinants of demand results in a shift in the demand curve Changes in Demand 9 9 Changes in any of these determinantswill causea change in demand
a change in pricecausesa change in demand
demand and factorsinfluencingchange in demand
any of the following six factors : 1(passive) can be caused byA change in demand
changes in demand and factorscan causechanges in demand
the relative changes in the factorcauseda change in demand
a change in something OTHER than the price of the product ( such as a change in income , preferences , etc(passive) is caused byA change in demand
a change in supplydoes ... causea change in demand
a demand determinant ( no price change(passive) Can only be caused byChange in Demand
Factors ... : 1Causea Change in Demand
NO NO 18 Consumer Income Changes in consumer incomecan causea change in demand
a change in income(passive) can be caused byA change in demand
A change in incomewill causea change in demand
Elastic A change in pricecausesa change in demand
several things , including a change in consumer(passive) can be caused byA change in demand
by the new case(passive) caused bythe change in demand
Elasticity ... % change in pricecausedchange in demand
a change in a non - price determinant(passive) is caused byA change in demand
any of the following six factors(passive) can be caused byA change in demand
A change in price of a substitutecausesa change in demand
by anything other than the goods own price(passive) caused byA change in demand
the entire demand curve to shiftcausesa change in demand
by one function or the other alone(passive) caused byA change in demand
Substitute Complements Expectations Number of Consumers Consumer Income Changes in consumer incomecan causea change in demand
seasonal demand patterns and economic factors such as a growth or recession in the economy(passive) can be caused byChanges in demand
What factorswill causea change in demand
FactorsCausea Change in Demand
the factorscould causea change in demand
shift of a demand curve as a whole while a change in quantity demanded causes movement along a demand curvecausesshift of a demand curve as a whole while a change in quantity demanded causes movement along a demand curve
to changes in prices with no change in output , changes in output with no change in price or bothcan leadto changes in prices with no change in output , changes in output with no change in price or both
to changes in : Price with no change in outputwill leadto changes in : Price with no change in output
to greater changes in equilibrium priceswill leadto greater changes in equilibrium prices
in massive fluctuations in prices in the marketcan resultin massive fluctuations in prices in the market
to greater changes in equilibrium prices relative to equilibrium quantitieswill leadto greater changes in equilibrium prices relative to equilibrium quantities
in change in market price Find out equilibrium price and output for the following market conditionresultedin change in market price Find out equilibrium price and output for the following market condition
relative prices to change 3causerelative prices to change 3
changes in productive capacity ... but rather that they cause changes in the degree of utilisation of those resourcescausechanges in productive capacity ... but rather that they cause changes in the degree of utilisation of those resources
a shift in the demand curvecan causea shift in the demand curve
in price volatility ... but not much change in productionresultin price volatility ... but not much change in production
a change in price , output and profitswill causea change in price , output and profits
relative prices to change Family / Consumer Sciences causerelative prices to change Family / Consumer Sciences
to changes in the equilibrium Economic equilibriumleadto changes in the equilibrium Economic equilibrium
More information Law of DemandinfluenceMore information Law of Demand
a movement along the supply curve not a shiftwill causea movement along the supply curve not a shift
More information Unit 2 Supply and Demand Unit 2 Supply andinfluenceMore information Unit 2 Supply and Demand Unit 2 Supply and
to low growth on the supply side and thus a low total growth of the global economymight have ledto low growth on the supply side and thus a low total growth of the global economy
to greater changes in equilibrium prices relative to equilibrium quantities when demand curves are steeper than when demand curves are flatterwill leadto greater changes in equilibrium prices relative to equilibrium quantities when demand curves are steeper than when demand curves are flatter
to different configurations among other players in the networkwould leadto different configurations among other players in the network
to change in number of buyers of economywill leadto change in number of buyers of economy
an initial price change(passive) caused byan initial price change
More information SOLUTIONS TO TEXT PROBLEMS 6 SOLUTIONS TO TEXT PROBLEMS 6influenceMore information SOLUTIONS TO TEXT PROBLEMS 6 SOLUTIONS TO TEXT PROBLEMS 6
to a structural declineledto a structural decline
in lower efficiencywould resultin lower efficiency
More information Name : Date : PeriodinfluenceMore information Name : Date : Period
to a broader change in the structural composition of agriculture - related GDPwill leadto a broader change in the structural composition of agriculture - related GDP
prices to rise and a change in price that causes demand to fall 29 november 1999 key revision pointscausesprices to rise and a change in price that causes demand to fall 29 november 1999 key revision points
a shift in the whole demand curvecausesa shift in the whole demand curve
a change in price , which then causes a change in quantity suppliedcausesa change in price , which then causes a change in quantity supplied
a shift of the entire demand curvecausesa shift of the entire demand curve
a further change in output for the economycausesa further change in output for the economy
to a change in price with no change in quantity suppliedleadsto a change in price with no change in quantity supplied
alsomay ... resultalso
More information Producing Goods & Services Producing Goods & Services SupplyinfluenceMore information Producing Goods & Services Producing Goods & Services Supply
the change in priceswill influencethe change in prices
More information LEARNING UNIT 4 LEARNING UNIT 4 DATEinfluenceMore information LEARNING UNIT 4 LEARNING UNIT 4 DATE
along with the popularity of online marketswill leadalong with the popularity of online markets
a change in productionwill causea change in production
More information Unit 2 Supply and Demand Unit 2 Supply and DemandinfluenceMore information Unit 2 Supply and Demand Unit 2 Supply and Demand