AP Microeconomics VisualVisual 2.2National Council on Economic EducationDeterminants of DemandFACTORS THAT SHIFT THE DEMAND CURVE•Change in consumer tastes•Change in the number of buyers•Change in consumer incomes•Change in the prices of complementaryand substitute goods•Change in consumer expectations
AP Microeconomics Visual2.10National Council on Economic EducationTax Incidence and Elasticity of DemandThe more inelastic thedemand for a good, themore the incidence of anexcise tax can be shiftedto the consumer.
AP Microeconomics Visual2.11National Council on Economic EducationA Price Ceiling
AP Microeconomics Visual2.12National Council on Economic EducationA Price Floor
AP Microeconomics VisualVisual 2.3National Council on Economic EducationChanges in Supply and Quantity Supplied