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  • 692 Non Price Determinants1

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    QuânLê
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    C) national council on economic education non-price factors cause market shifts. Demand curve shifts if there is a change in: u The number of consumers u Consumer income u Consumer tastes and preferences for a good or service u Price and availability of a substitute good u Price. And availability of complementary good supply curve shifts in:. Number of producers u The cost of production u Profit on another product that can be made and sold by a producer u Profit on another product

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    C) national council on economic education non-price factors cause market shifts. Demand curve shifts if there is a change in: u The number of consumers u Consumer income u Consumer tastes and preferences for a good or service u Price and availability of a substitute good u Price. And availability of complementary good supply curve shifts in:. Number of producers u The cost of production u Profit on another product that can be made and sold by a producer u Profit on another product

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    © All Rights Reserved
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    Flag for inappropriate content
    6 views1 page

    692 Non Price Determinants1

    Uploaded by

    QuânLê
    C) national council on economic education non-price factors cause market shifts. Demand curve shifts if there is a change in: u The number of consumers u Consumer income u Consumer tastes and preferences for a good or service u Price and availability of a substitute good u Price. And availability of complementary good supply curve shifts in:. Number of producers u The cost of production u Profit on another product that can be made and sold by a producer u Profit on another product

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    National Council on Economic Education

    NON PRICE DETERMINANTS


    CAUSE MARKET SHIFTS
    Demand
    The demand curve shifts if there is a
    change in:
    u The number of consumers
    u Consumer income
    u Consumer tastes and preferences for a good or
    service
    u Price and availability of a substitute good
    u Price and availability of a complementary good
    Supply
    The supply curve shifts if there is a
    change in:
    u The number of producers
    u The cost of production
    u Profit on another product that
    can be made and sold by a
    supplier

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