Supply and Demand Mind Map
Demand
consumer income
price of substitute goods
Price of Complementary Goods
Consumer Tastes and Preferences:
Consumer Expectations of Future Prices
Number of Buyers in the Market
Supply
Cost of Inputs
Technology or Productivity
Taxes or Subsidies
Price Expectations
number of suppliers
Market Equilibrium
Shortage
Surplus
Price Controls
Price Ceiling
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Price Floor
Economic Efficiency
Consumer Surplus
Producer Surplus
Total or Social Surplus
Deadweight Loss
Black Markets
Intellectual Property Laws
Price Elasticity of Demand
Price Elasticity of Supply
Cross Price Elasticity of Demand
Income Elasticity of Demand