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Unit 2, expectations - Coggle Diagram
Unit 2
supply
input cost
Technology
productivity
taxes
subsidies
number of suppliers
Economic efficiency
consumer surplus
producer surplus
social surplus
deadweight loss
price elasticity of demand
cost price ... of demand
price .... of supply
income ... of demand
Market equilibrium
shortage
surplus
Price control
Price ceiling
Price floor
Demand
determinants
Consumer income
price of substitute good
tastes and preferences
future expectations
price of complementary good
number of buyers
black markets
intellectual properties
expectations