How the enumerated in the table below affects the demand and supply? Describe their impact with the help of the demand and supply curves (draw cases of shift/movement or put “ticks” in the cells, which characterize the effect of the change). Table 1 Change (ceteris paribus - all other things being equal) Shift in the demand curve Movement along the demand curve Shift in the supply curve Movement along the supply curve Change in consumer incomes Change in prices of competing products Change in prices for raw materials Change of fashion goods Introduction of new technology
How the enumerated in the table below affects the demand and supply? Describe their impact with the help of the demand and supply curves (draw cases of shift/movement or put “ticks” in the cells, which characterize the effect of the change). Table 1 Change (ceteris paribus - all other things being equal) Shift in the demand curve Movement along the demand curve Shift in the supply curve Movement along the supply curve Change in consumer incomes Change in prices of competing products Change in prices for raw materials Change of fashion goods Introduction of new technology
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 6P
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How the enumerated in the table below affects the demand and supply? Describe their impact with the help of the demand and supply curves (draw cases of shift/movement or put “ticks” in the cells, which characterize the effect of the change).
Table 1
Change
(ceteris paribus - all other things being equal)
Shift in the demand curve
Movement along the demand curve
Shift in the supply curve
Movement along the supply curve
Change in consumer incomes
Change in prices of competing products
Change in prices for raw materials
Change of fashion goods
Introduction of new technology
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