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Determinants of Demand

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Presentation on theme: "Determinants of Demand"— Presentation transcript:

1 Determinants of Demand
Change in consumer income Change in tastes and preferences Change in the price of a substitute good Change in the price of a complementary good Change in consumers’ price expectations Change in number of consumers in the market

2 Shifts in Demand Demand price Quantity of pecans per day

3 Determinants of Supply
Change in the cost of productive resources Change in technology Change in profit opportunities of producing other products Change in producers’ price expectations Change in number of sellers in the market Change in the government tax or subsidy

4 Shifts in Supply Supply price Quantity of pecans per day


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