Demand Shift Factors Flashcards by Lacey Caviness | Brainscape

Q

Price of the good itself

A

Makes demand go down

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Q

Price, quality, and availability of a complement good

A

Makes demand go down

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Q

Price, quality, and availability of a substitute good

A

Makes demand go up

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Q

Buyer Demographics

A

Makes demand go up

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Q

Earnings (income) of buyers

A

Makes demand go up or down depending on whether or not the income is increasing or decreasing

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Q

Expectations of future price for the good

A

Makes demand go up

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Q

Preferences for the good

A

Makes demand go up

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