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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. Consumer’s Expectations about Future Prices 6. Consumer’s Expectations about Future Income...
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This note was uploaded on 10/02/2011 for the course ECON 200 taught by Professor Cramer during the Spring '07 term at Arizona.
- Spring '07