Economics GCSE
Determinants of supply and demand
What Determinants of supply and demand means in Economics GCSE, as defined for AQA.
Definition of Determinants of supply and demand
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Reference: AQA
Non-price factors, such as an increase in consumer income or a fall in production costs, that shift the supply or demand curve.
Topics that use Determinants of supply and demand
- Equilibrium price (AQA GCSE)
Related terms
- Disequilibrium
- Equilibrium price
- Excess demand
- Excess supply
- Excess supply and demand
- Graphical analysis
- Market clearance
- Market equilibrium
Using Determinants of supply and demand in the exam
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