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Unformatted text preview: retardant that was called back because it was toxic. 3) Seller Expectations do not include seller tastes because they do not have to like the product they make to sell it. As long as there is money in the business and the people doing are good at what they do, they will continue doing it. An example would be a roller coaster creator that when asked which roller coaster was his favorite he responded, he did not like to ride them because they made him sick. 4) The number of sellers of a product is the number one most influential factor in supply. It is as simple as saying the more people who can physically sell the product, the more customers can potentially buy and “the market” for the specific product will expand. More sellers will cause the product line to shift right. * Difference between “increase in supply” and “increase in quantity supplied” is if the price changes or not....
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This note was uploaded on 04/18/2008 for the course ECO 2023 taught by Professor O'gorman during the Spring '08 term at South Florida Community College.
- Spring '08