Non-price determinant
Definition. A non price determinant is any factor other than the price of the good itself that shifts the entire demand or supply curve. For demand these include income, tastes, and prices of related goods; for supply these include costs of production, technology, and the number of sellers.
A change in a non price determinant shifts the curve, in contrast to a change in the price of the good, which causes a movement along the curve.
This term belongs to Demand and Supply Analysis in A Level Economics. Read the full chapter for the diagrams, worked examples and exam technique.
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