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070607 - 1 Cost(C rises S falls/C falls S rises 2...

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Sheet1 Page 1 07/06/07 -------- Things that shift demand curve: 1.) Income (normal and inferior goods) 2.) Prices of a related good (subs and complements) 3.) Preferences 4.) Number of Demanders 5.) Expected future prices. Things that shift the supply curve:
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Unformatted text preview: 1.) Cost (C rises, S falls/C falls, S rises) 2.) Technology (Tech rises, S rises) 3.) Number of suppliers (increases, supply increases/decreases, supply decreases) 4.) Expected future price (EFP rises, S decreases, vice versa)...
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