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Supply and Demand - Coggle Diagram
Supply and Demand
Demand
Consumer Income
Price of Substitute goods
Price of complementary goods
Consumer Tastes and preferences
Consumer expectation of future prices
Number of buyers in a market
Supply
Cost of inputs
Technology
Taxes
Price expectations
of suppliers
Economic Efficiency
Consumer Surplus
Producer Surplus
Social Surplus
Dead weight Loss
Market Equilibriumn
Surplus
Shortage
Black Markets
Intellectual Property Laws
Price Elasticity of Demand:
Price Elasticity of Supply
Cross Price elasticity
Income elasticity of demand