Ap Microeconomics Visuals Unit2

Ap Microeconomics Visuals Unit2

• 1.
  AP Microeconomics Visual Visual 2.2National Council on Economic Education http://apeconomics.ncee.net Determinants of DemandFACTORS THAT SHIFT THE DEMAND CURVEChange in consumer tastes
• 2.
  Change in thenumber of buyers
• 3.
  Change in consumerincomes
• 4.
  Change in theprices of complementary and substitute goodsChange in consumer expectationsAP Microeconomics Visual 2.10National Council on Economic Education http://apeconomics.ncee.net Tax Incidence and Elasticity of DemandThe more inelastic thedemand for a good, themore the incidence of anexcise tax can be shiftedto the consumer.
• 5.
  AP Microeconomics Visual 2.11National Council on Economic Education http://apeconomics.ncee.net A Price Ceiling
• 6.
  AP Microeconomics Visual 2.12National Council on Economic Education http://apeconomics.ncee.net A Price Floor
• 7.
  AP Microeconomics Visual Visual 2.3National Council on Economic Education http://apeconomics.ncee.net Changes in Supply and Quantity Supplied
• 8.
  AP Microeconomics Visual Visual 2.4National Council on Economic Education http://apeconomics.ncee.net Determinants of SupplyFACTORS THAT SHIFT THE SUPPLY CURVEChange in resource prices or input prices
• 9.
  Change in technology
• 10.
  Change in taxesand subsidies
• 11.
  Change in theprices of other goods
• 12.
  Change in producerexpectations
• 13.
  Change in thenumber of suppliers
• 14.
  Any factorthat increases the cost of production decreases supply.
• 15.
  Any factorthat decreases the cost of production increases supply.AP Microeconomics Visual Visual 2.5National Council on Economic Education http://apeconomics.ncee.net Equilibrium
• 16.
  AP Microeconomics Visual Visual 2.6National Council on Economic Education http://apeconomics.ncee.net Shifts in Demand and Supply
• 17.
  AP Microeconomics Visual Visual 2.7National Council on Economic Education http://apeconomics.ncee.net Qualities That Affect Elasticity of Demand
• 18.
  AP Microeconomics Visual Visual 2.8National Council on Economic Education http://apeconomics.ncee.net Elasticity Coefficients
• 19.
  AP Microeconomics Visual Visual 2.9National Council on Economic Education http://apeconomics.ncee.net Summarizing Price Elasticity of Demand
• 20.
  AP Microeconomics Visual National Council on Economic Education http://apeconomics.ncee.net Tax Incidence and Elasticity of Demand