Page 7 - E-NOTE 120-converted
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MOVEMENT ALONG CURVE
                                                                  PRICE FACTOR



               QUANTITY SUPPLIED

               P



           P2
                                                                           S2
           P0
                                                      S0

           P1
                                         S1




                                                     Q2
                              Q1         Q0




               EXCEPTIONAL
               DEMAND

                   •  GIFFEN GOODS
                   •  LUXURY GOODS
                   •  SPECULATION OF A FUTURE CHANGE IN PRICE

               SUPPLY
                   •  SUPPLY OF LABOR
                   •  STOCK IN THE MARKET

               INTERRELATED

               DEMAND
                   •  JOINT DEMAND / COMPLEMENTARY DEMAND
                   •  COMPETITIVE DEMAND / SUBSTITUTE GOODS
                   •  DERIVED DEMAND

               SUPPLY

                   •  JOINT SUPPLY
                   •  COMPETITIVE SUPPLY
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