2. SUMMARY variable change Demand Shift Income (Normal) Rise (fall) Rise (fall) Right (left) Income (Inferior) Rise (fall) Fall (rise) Left (right) Price of substitute Rise (fall) Rise (fall) Right (left) Price of complement Rise (fall) Fall (rise) Left (right) Taste Rise (fall) Rise (fall) Right (left) Expected Price Rise (fall) Rise (fall) Right (left) Number of buyers Rise (fall) Rise (fall) Right (left)
11. CHANGE IN QUANTITY SUPPLIED 1 5 Price of Ice-Cream Cone Quantity of Ice-Cream Cones 0 S 1.00 A C A rise in the price of ice cream cones results in a movement along the supply curve. $3.00
15. SUMMARY variable change Supply Shift Input (factor) price Rise (fall) Fall (rise) Left (right) Technology Rise (fall) Rise (fall) Right (left) Expected Price Rise (fall) Fall (rise) Left (right) Number of sellers Rise (fall) Rise (fall) Right (left)