MicroeconomicsOnline version Microeconomics by Nathan Adkins 1 KEY ASSUMPTIONS OF PRODUCTION POSSIBILITIES CURVES 2 THREE SHIFTERS OF PPC GRAPHS 3 DETERMINANTS OF DEMAND 4 NORMAL GOODS 5 INFERIOR GOODS 6 SHIFTERS OF SUPPLY 7 PRICE FLOOR TWO GOODS CAN BE PRODUCED FULL EMPLOYMENT OF RESOURCES FIXED TECHNOLOGY FIXED RESOURCES CHANGE IN RESOURCE QUALITY OR QUANTITY CHANGE IN TECHNOLOGY CHANGE IN TRADE TASTES AND PREFERENCES NUMBER OF CONSUMERS PRICE OF RELATED GOODS TOTAL INCOME FUTURE EXPECTATIONS AS INCOME INCREASES, DEMAND INCREASES AS INCOME FALLS, DEMAND FALLS JEWELRY AS INCOME INCREASES, DEMAND FALLS AS INCOME FALLS, DEMAND INCREASES CHEAP PIZZA PRICES AND AVAILABILITY OF INPUTS NUMBER OF SELLERS TECHNOLOGY GOVERNMENT ACTION- TAXES/SUBSIDIES OPPORTUNITY COST OF ALTERNATE PRODUCTION EXPECTATIONS OF FUTURE PROFITS SETS A MINIMUM PRICE ABOVE EQUILIBRIUM
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