Ap Microeconomics Visuals Unit2
- 1. AP Microeconomics Visual Visual 2.2National Council on Economic Education http://apeconomics.ncee.net Determinants of DemandFACTORS THAT SHIFT THE DEMAND CURVEChange in consumer tastes
- 2. Change in the number of buyers
- 3. Change in consumer incomes
- 4. Change in the prices of complementary and substitute goodsChange in consumer expectationsAP Microeconomics Visual 2.10National Council on Economic Education http://apeconomics.ncee.net Tax Incidence and Elasticity of DemandThe more inelastic thedemand for a good, themore the incidence of anexcise tax can be shiftedto the consumer.
- 5. AP Microeconomics Visual 2.11National Council on Economic Education http://apeconomics.ncee.net A Price Ceiling
- 6. AP Microeconomics Visual 2.12National Council on Economic Education http://apeconomics.ncee.net A Price Floor
- 7. AP Microeconomics Visual Visual 2.3National Council on Economic Education http://apeconomics.ncee.net Changes in Supply and Quantity Supplied
- 8. AP Microeconomics Visual Visual 2.4National Council on Economic Education http://apeconomics.ncee.net Determinants of SupplyFACTORS THAT SHIFT THE SUPPLY CURVEChange in resource prices or input prices
- 10. Change in taxes and subsidies
- 11. Change in the prices of other goods
- 12. Change in producer expectations
- 13. Change in the number of suppliers
- 14. Any factor that increases the cost of production decreases supply.
- 15. Any factor that decreases the cost of production increases supply.AP Microeconomics Visual Visual 2.5National Council on Economic Education http://apeconomics.ncee.net Equilibrium
- 16. AP Microeconomics Visual Visual 2.6National Council on Economic Education http://apeconomics.ncee.net Shifts in Demand and Supply
- 17. AP Microeconomics Visual Visual 2.7National Council on Economic Education http://apeconomics.ncee.net Qualities That Affect Elasticity of Demand
- 18. AP Microeconomics Visual Visual 2.8National Council on Economic Education http://apeconomics.ncee.net Elasticity Coefficients
- 19. AP Microeconomics Visual Visual 2.9National Council on Economic Education http://apeconomics.ncee.net Summarizing Price Elasticity of Demand
- 20. AP Microeconomics Visual National Council on Economic Education http://apeconomics.ncee.net Tax Incidence and Elasticity of Demand