Midterm 1 index card topics_2

Midterm 1 index card topics_2 - D ↓ • Prices of Related...

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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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This note was uploaded on 01/16/2012 for the course ECO 2023 taught by Professor Rush during the Fall '08 term at University of Florida.

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Midterm 1 index card topics_2 - D ↓ • Prices of Related...

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