The Non-Price Determinants of Demand and Supply

List the Five Non-Price Determinants of Demand:

 

________, ________, ________, ________, ________

List the Six Non-Price Determinants of Supply:

 

________, ________, ________, ________, ________, ________

Fill in the blanks with either or

Pe -- expected price

Pe in the future ____D today
Pe in the future ____ D today

Pog -- price of other goods

1) substitute goods
IF: P Maxwell House coffee ____ D Folgers coffee

If: P of one product ____ D of its sustitute

2) complementary goods

P of wieners ____ D of buns

P of one product ____ D of its compliment

I -- income

1) normal goods
Income ____ D for normal goods
Income ____ D for normal goods

2) inferior goods

Income ____ D for inferior goods
Income ____ D for inferior goods

Npot -- number of POTENTIAL consumers

Npot ____ D
Npot ____ D

T -- tastes and preferences

Tastes for a product ____ D for that product
Tastes for a product ____ D for that product 
Fill in the blanks with either or

Pe -- expected price

Pe in the future ____ S today
Pe in the future ____ S today

Pog -- price of other goods ALSO PRODUCED BY THE FIRM

P soybeans ____ S corn
P soybeans ____ S corn

Pres -- price of resources

P autoworkers wages costs of producing cars ____ S cars

Pres costs ____ S
Pres costs ____ S

Tech --technology

Improved technology costs ____ S

Tax --taxes and subsidies

Taxes costs ____ S
Taxes costs ____ S

Subsidies costs ____ S
Subsidies costs ____ S

N -- number of producers/sellers

Nprod ____ S
Nprod ____ S