1.2 Supply and Demand Curves Flashcards
1
Q
Increase in demand will do what to the supply and demand curve?
A
Shift demand curve to the right
2
Q
Decrease in demand will do what to the supply and demand curve?
A
Shift demand curve to the left
3
Q
Increase in supply will do what to the supply and demand curve?
A
Shift supply curve to the right.
4
Q
Decrease in supply will do what to the supply and demand curve?
A
Shift supply curve to the left.
5
Q
T in TIPSE
A
Technology
6
Q
I in TIPSE
A
Indirect taxes
7
Q
P in TIPSE
A
Production taxes
8
Q
S in TIPSE
A
Subsides
9
Q
E in TIPSE
A
External Shocks
10
Q
T in TRIPES
A
Tastes and preferences
11
Q
R in TRIPES
A
Related Goods
12
Q
I in TRIPES
A
Icome
13
Q
P in TRIPES
A
Population
14
Q
E in TRIPES
A
External Shocks
15
Q
S in TRIPES
A
Seasonality
