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% Document Info
\author{mgxx2004 (mgrawahi)}
\pdfinfo{
  /Title (e2-market-forces-of-supply-and-demand.pdf)
  /Creator (Cheatography)
  /Author (mgxx2004 (mgrawahi))
  /Subject (E2 - Market Forces of Supply and Demand Cheat Sheet)
}

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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{E2 - Market Forces of Supply and Demand Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{mgxx2004 (mgrawahi)} via \textcolor{DarkBackground}{\uline{cheatography.com/197440/cs/41697/}}}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}mgxx2004 (mgrawahi) \\
  \uline{cheatography.com/mgrawahi} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 13th December, 2023.\\
   Page {\thepage} of \pageref{LastPage}.
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  Measure your website readability!\\
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Movement and Shift in the Demand Curve}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{A movement along the demand curve is called {\bf{"a change in quantity demanded."}}} \tn 
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 & \textasciicircum{}{\emph{*a movement is caused in response to a change in price of the good itself.}}\textasciicircum{} \tn 
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\mymulticolumn{2}{x{5.377cm}}{A shift in the curve is called {\bf{"a change in demand."}} A shift on the demand curve could occur in response to:} \tn 
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1. Change in Income & An {\bf{increase in income}} would cause an {\bf{increase}} in demand for {\bf{normal goods (rightward shift)}}  and a {\bf{decrease}} in demand for {\bf{inferior goods (leftward shift)}}. \tn 
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{\bf{Law of Supply}} & "the quantity supplied of a good rises when the price of the good rises." \tn 
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{\bf{Supply Curve}} & a graph of the relationship between the price of a good (P) and the quantity supplied (S). \tn 
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 & - the supply curve is {\bf{upward}} sloping. \tn 
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 & - shows the relationship between prices and quantities supplied. \tn 
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 & - prices and quantity supply are {\bf{directly proportional}} (the price increases the quantity supplied also increases). \tn 
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\mymulticolumn{2}{x{5.377cm}}{A movement along the demand curve is called {\bf{"a change in quantity supplied."}} A movement is caused in response to a change in {\bf{price of the good itself}}.} \tn 
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\mymulticolumn{2}{x{5.377cm}}{A shift in the curve is called {\bf{"a change in supply."}} A shift on the demand curve could occur in response to:} \tn 
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{\bf{Demand Curve}} & a graph of the relationship between the price of a good (P) and the quantity demanded (Q). \tn 
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% That's all folks
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