Changes In Demand/ Supply Flashcards

1
Q

Decrease in demand

A

Fall in consumer income
Fall in price of subsidies
Rise in price of compliments
Negative change in taste or fashion

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2
Q

Increase in supply

A

Fall in raw material costs
Improvement in labour efficiency
A reduction in the rate of indirect tax
Positive technological advance

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3
Q

Decrease in supply

A

Increase in raw material costs
Increase in labour costs
Increase in rate of indirect tax
Negative factors

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4
Q

Increase in demand

A

An increase in consumer income
Rise in price of subsidies
Fall in price of compliments
Positive change in taste or fashion

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