Exorgenous and Endorgenous Variables? (1 Viewer)

[hyperbole]

Hey,

Could someone please explain the following terms:
- exorgenous variables
- endorgenous variables

An example of an exorgenous variable is income
An example of an endorgenous variable is price

I think they're both related to the demand and supply curves


Thanks

 

[AGB]

i have never heard of them before, and they are not mentioned at all in the syllabus......there is absolutely no way you would need to know what they meant for the hsc......

nevertheless, it could be handy come extended response time if you can drop in a few pieces of economic jargon like that.......

 

[hyperbole]

Thnaks AGB...