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1. change in prices
2. change in price of substitute goods
3. change in price of complimentary goods
4. change in taste and preferences
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∙ 10y ago
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How can a water shortage be caused by changes in either supply or demand?
b i t c h
What is the difference between change in demand curve and shift in demand curve?
Change in demand curve is caused by the change in the price of the product. This is the change that occurs ON THE DEMAND CURVE. The price changes changes the QUANTITY DEMANDED, not the demand curve itself. Shift in demand curve is caused by NON PRICE DEMAND DETERMINANTS. Basically it shifts the ENTIRE curve (right (increase) or left (decrease)). Change in income, change in number of consumers, taste and preferences, price of related goods, and future expectations all cause shifts in demand curve. For example, an increase in the number of consumers would shift the demand to the right because demand would increase.
What the difference between movement along the demand curve and a shift in demand?
A movement along the demand curve is only caused by a change in price of that specific good, a demand curve is the quantity demanded for a good at each price. If the demand curve shifts, this means that something besides price is affecting the demand, so that at each price more or less is demanded.
What is demand push inflation?
Demand-pull is caused by an increase in aggregate demand.
When a change in price does not lead to changes in demand the demand is called?
inelastic demand
What changes are caused to the epidermis by medication?
What changes are caused to the epidermis by medication?
A graph example of supply increase without changes in demand?
If a seller increase supply without changes in demand, his business will not last. He will have more supply than demand.
What changes the equilibrium quantity to change?
It changes when the market demand and or market supply changes.
What is the changes in air pressure caused by?
The changes are caused by the weight of air above it.
Price elasticity of demand for luxury goods will be?
elastic becoz wen price of the commodity changes , it affects the demand for the commodity .. Demand for a product is sensitive to price changes .. With icrease in price , the demand decreases nd with decrease in price , demand increases ..
How can population changes affect demand for certain goods?
immediate demand for a good will go up if it's price is expected to rise. this is how population changes affect demand for certain goods.
Are short periods of climate changes caused by changes caused by changes in amount of solar radiation an area receives?
Seasons :)
