Midterm 1 index card topics_2

Midterm 1 index card topics_2 - D Prices of Related goods o...

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Factors that shift D curve: Income o Normal good: I↑ D ↑ ® I↓ D o Inferior good I↑ D I↓ D ↑ ® Preferences Like↑ D ↑ ® Like↓ D Credit market conditions (big ticket items) Easy D ↑ ® Hard D # of demanders # D D ↑ ® # D
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Unformatted text preview: D Prices of Related goods o Substitutes or P S D P S D o Compliments & P C D P C D Expected Future P EFP D EFP D...
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Midterm 1 index card topics_2 - D Prices of Related goods o...

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