It is in the way income changes
It can be shifted by taste
It is in the price of related goods
It is in the way that you thought it would end
It is in the way that the pop. of demanders change
Move the line
These are the things that shift demand
Move the line
These are the things that shift demand
It happens when input price changes
It shifts with the price of related goods
It's after a breakthrough in technology
Taxes and temperature shift supply
It varies directly with the P and inversely with Q
Move the line
These are the things that shift supply
Move the line
These are the things that shift supply
Elasticity of demand
Depends on the product's need
If there are substitutes it's elastic
Inelastic goods are unique
Unit elastic occurs when the ΔQ over ΔP equals one
Tilt the line
Vertical lines are inelastic
Tilt the line
Horizontal lines are elastic
Move the line
PYNTE always shifts demand
Move the line
SPENT always shifts supply
Supply and demand rule the world
They set the P and the Q
These are the basics of Econ
