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Unformatted text preview: d. Number of suppliers the greater the number of suppliers the graph shifts to the right. e. Sellers Expectations about Future Prices When suppliers expect future prices to be higher, they draw the supplies from today. If they expect housing to go down, they would sell it. 4. Change in supply vs. change in quantity supplied Determinants of Demand other than price Shift Demand Curve Right or Left 1. Income/Wealth 2. Tastes/Preferences 3. Number of consumers 4. Prices of Related Products a. Substitute Goods or Services b. Complementary Goods or Services 5. Consumers Expectations about Future Prices 6. Consumers Expectations about Future Income...
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- Spring '07