Determinants of supply and demand Microeconomics Supply and Demand Determinants of supply and demand Questions What are some reasons supplies may increase in an economy? When is marginal revenue equal to price? The price of ice cream increases. How and why does this affect the quantity of ice cream cones demanded by consumers? Supply and Demand View all chapters Market equilibrium Determinants of supply and demand Price and quantity controls Elasticity Price, income, and cross-price elasticities of demand Price elasticity of supply Consumer surplus, producer surplus, and allocative efficiency Tax incidence and deadweight loss Prev Next