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Economics: Theory of Demand and Supply - Coggle Diagram
Economics: Theory of Demand and Supply
HISTORICAL THINKERS
John Locke
Adam Smith
Alfred Marshall
Sir James Stuart
Ibn Taymiyyah
DEMAND
Effective Demand
Desire
Resources
Willingness
Law of Demand
Demand Curve
Demand Schedule
Symbols
Words
Substitutions Effect
Income Effect
Law of Diminishing Utility
Demand Functions
Dependent Variables
Independent Variables
Non-linear Demand Functions
Linear Demand Functions
Determinants/ Shifters of Demand
Preferences
Number of Buyers
Price of related goods
Income
Expectation of future price
Change in Quality of Demand
Expansion in Demand
Contraction in Demand
Change in Demand
Increase in Demand
Decrease in demand
SUPPLY
Law of Supply
Assumption of Law of Supply
Supply Schedule
Supply Curve
Supply Functions
Linear Supply Functions
Non-linear Supply Functions
Change in Quantity Supplied
Upward Movement
Determinants/ Shifters of Supply
Price of Resources
Technology
Government Involvement
Number of Sellers
Expectation of Future Prce
Price Resources
Change in Supply
Increase in Supply
Decrease in Supply
Surplus vs. Shortage
EQUILIBRIUM
Equilibrium Price
Equilibrium Quantity
Disequilibrium
Disequilibrium Price
Balance of supply and demand
Equilibrium Price and Quantity