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 HYPOTHESIS: A reasonable proposition about the workings of the world that's inspired or implied by a theory and which may or may not be true. An hypothesis is essentially a prediction made by a theory that can be compared with observations in the real world. Hypotheses usually take the form: "If A, the also B." The essence of the scientific method is to test, or verify, hypotheses against real world data. If supported by data over and over again, hypotheses become principles.
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 Lesson 5: Market Demand | Unit 4: Determinants Page: 14 of 20

 Topic: Shifters: Increase <=PAGE BACK | PAGE NEXT=>

Demand determinants shift the demand curve.
• The demand curve is drawn assuming that only price and quantity change. The determinants are assumed to be constant.
• A change in one of the determinants can cause:
• An increase in demand, a rightward shift, which means that for any price, for every price, buyers are willing and able to buy more of the good.

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CHANGE IN QUANTITY SUPPLIED

A movement along a given supply curve caused by a change in supply price. The only factor that can cause a change in quantity supplied is price. A related, but distinct, concept is a change in supply.

 GREEN LOGIGUIN[What's This?] Today, you are likely to spend a great deal of time surfing the Internet trying to buy either a pair of designer sunglasses or looseleaf notebook paper. Be on the lookout for strangers with large satchels of used undergarments.Your Complete Scope
 The portion of aggregate output U.S. citizens pay in taxes (30%) is less than the other six leading industrialized nations -- Britain, Canada, France, Germany, Italy, or Japan.
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 PRO RATAAccording to the Rate (Latin)
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