Exam1 - CompLab Flashcard

Exam1 - CompLab Flashcard - Time Long Term (e) v. Short...

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Demand Curve Shifters Income Price of Related Goods Tastes Expectations # of Buyers Supply Curve Shifters Input Prices Technology Expectations # of Sellers Normal Goods: Positive Inferior Goods: Negative Substitutes: Positive Complements: Negative Income: C-P: Comps and Subs Availability of Close Substitutes Luxury (e) v. Necessity (ie) Narrowly Defined (e) v. Broadly Defined (ie)
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Unformatted text preview: Time Long Term (e) v. Short Term (ie) Price Elasticity of Supply Determinants Time Long Term (e) v. Short Term (ie) Cross-Price Elasticity: % Quantity D for Good 1 % Price for Good 2 Income Elasticity: % Quantity Demanded % Income Midpoint Method: End Value Start Value Midpoint Price Elasticity: % Quantity (S or D) % Price...
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This note was uploaded on 08/30/2011 for the course ECO 2023 taught by Professor Underwood-caputo during the Fall '08 term at University of Central Florida.

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Exam1 - CompLab Flashcard - Time Long Term (e) v. Short...

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