No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Supply And Demand Graphs

Back>>>Every graph you need to know for the AP Macroeconomics Exam















Summary: Remember, the non-price demand shifters are Tastes and preferences, Income, Market size, Expectations of prices in the future, and Related goods (the prices of substitutes and compliments). The key supply shifters are Resource prices, Expectations of prices, Actions of the government, and Productivity. If dealing with simultaneous shifts of the demand and supply schedules, one variable will be indeterminate. When the government steps in to control prices a misallocation of resources results in the form of shortages and surpluses.

Back>>>Every graph you need to know for the AP Macroeconomics Exam

iPhone Apps by Mr. Medico

   


Mr. Medico's Review Books (Paperback)