Cut Out Matching Cards

Change in Demand due to

A shift in demand to A shift in demand due

the right (Increase in to the left (Decrease in
demand) demand)
An increase in consumer A fall in consumer income
income
A rise in the price of A fall in the price of
substitutes substitutes
A fall in the price of A rise in the price of
complements complements
A positive change in A negative change in
tastes and fashion tastes and fashion

Change in supply due to

A shift in supply to the A shift in supply to the
right (Increase in left (Decrease in
supply) supply)
A fall in raw material An increase in the cost of
costs raw materials
An improvement in labour An increase in labour
efficiency costs
A reduction in the rate of An increase in the rate of
indirect taxation indirect taxation
A positive technological A failed technological
advance advance