1. Buying Brainstorm!

2. Haircut
Along with:
Instead of:

3. MP3 Player
Along with:
Instead of:

4. T-Shirt
Along with:
Instead of:

5. Steak
Along with:
Instead of:

6. Movie Tickets
Along with:
Instead of:

7. Airline tickets to Hawaii
Along with:
Instead of:

8. Key terms Determinant- factors that affect supply or demand
Complement- a good or service often purchased along with another
Substitute- a good or service that is bought instead, easily replacing it.

9. Determinants of Supply
1. Cost of resources and production 2. Number of sellers 3. Advances in production 4. Expectations of sellers about the future

10. Determinants of Demand
1. Consumer tastes and preferences 2. Consumer income 3. Availability and price of substitutes & complements 4. Consumer expectations of future versions of a product