The non-price determinants of supply |
The non-price determinants of demand |
Pe -- expected price Pog -- price of other goods PROD.BY SAME FIRM Pres -- price of resources T --technology T --taxes and subsidies N -- number of sellers |
Pe -- expected price Pog -- price of other goods 1) substitute goods I -- income 1) normal goods N -- number of POTENTIAL consumers T -- tastes and preferences |