The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
![The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2 -The quantity of capital demanded changes when one of the nonprice determinants of demand change.](https://d2lvgg3v3hfg70.cloudfront.net/TB1748/11ea8882_6257_abde_8903_c563ff971d3a_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00.jpg)
-The quantity of capital demanded changes when one of the nonprice determinants of demand change.
Definitions:
Competitive Industry
An industry in which numerous producers supply a homogeneous product or service, leading to competition over price and quality.
Marginal Cost
The extra expenditure needed to manufacture one more unit of a good or service.
Average Cost
The total cost of production divided by the quantity of output produced; it's a measure of how much it costs, on average, to produce one unit of output.
Deadweight Loss
A situation in economics where the total of consumer and producer surplus is not maximized due to factors like taxes or subsidies.
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