Ap macroeconomics Exam: Course Study Guide [ unit I ] What is economics?

(Shift D Right)

(Shift D Left)

1. 
   Increase in the # of consumers
   
2. 
   Increase in income
   
3. 
   Increase in expectations of future price
   
4. 
   Increase in taste (advertising)
   
5. 
   Increase in the price of a substitute good
   
6. 
   Decrease in the price of a complementary good
   

1. 
   Decrease in the # of consumers
   
2. 
   Decrease in income
   
3. 
   Decrease in expectations of future price
   
4. 
   Decrease in taste (advertising)
   
5. 
   Decrease in the price of a substitute good
   
6. 
   Increase in the price of a complementary good
   

(Shift S Right)

(Shift S Left)

1. 
   Increase in the # of producers
   
2. 
   Increase in the # of inputs
   
3. 
   Increase in technology
   
4. 
   Decrease in the cost of production
   

5. 
   Decrease in government regulation and/or taxes
   
6. 
   Positive exogenous supply shock (acts of God/OPEC)
   

1. 
   Decrease in the # of producers
   
2. 
   Decrease in the # of inputs
   
3. 
   Decrease in technology
   
4. 
   Increase in the cost of production
   

5. 
   Increase in government regulation and/or taxes
   
6. 
   Negative exogenous supply shock (acts of God/OPEC)