Make your own free website on Tripod.com

SUPPLY & DEMAND

CAUSES FOR CHANGE

Home
SITUATIONS WITH PRICE AND QUANTITY
DEMAND
EQUILIBRIUM
SHIFTS AND MOVEMENTS
SUPPLY
CAUSES FOR CHANGE
MARGINAL COSTS AND BENEFITS
LINKS

 
 
Changes in Demand can be caused by:

1) Change in price of a compliment good
2) Change in price for substitutes
3) Change in income...for normal goods, a change will cause an increase in demand
4) Change in the number of consumers
5) Change in information/technology

Changes in Supply can be caused by:

 
1) Change in imput costs (labor/natural resources/etc.)
2) Change in technology
3) Change in number of supplies

Created Fall 2004
WFU '08