Demand and Supply

Сентябрь 11, 2022

Содержание

2. Law of Demand – with an increase of price demand decreases (the curve moves to the
3. 1. Subjective tastes of consumers 2. Changes of consumers’ quantity 3. Changes in consumers’ income 4.
4. Law of Supply - increase of price also increases the amount of supplied goods Supply BUT
5. 1. Producer’s costs Taxes (taxes S ) Resources Technologies (implem-tion of new technology S ) 2.
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Слайд 2

Law of Demand – with an increase of price demand decreases

(the curve moves to the left)
BUT there are some non-price factors which affect the demand changes determinants

Demand

Слайд 3

1. Subjective tastes of consumers
2. Changes of consumers’ quantity
3. Changes in

consumers’ income
4. Abutting goods on the market сопряженные товары
Neutral products (chairs and perfume)
Substitute goods (tea and coffee)
Complementary goods (car and gasoline)
5. Customer expectations
Expectation of tomorrow price increase can increase demand today

Demand determinantes

Слайд 4

Law of Supply - increase of price also increases the amount

of supplied goods

Supply

BUT there are some non-price factors which affect the supply changes determinants

Слайд 5

1. Producer’s costs
Taxes (taxes S )
Resources
Technologies (implem-tion of new technology S

)
2. The amount of producers on the market
(amount supply )

Supply determinants