-Price of good or service (P)
-Incomes of consumers (M)
-Prices of related goods & services (PR)
-Taste patterns of the consumer (T)
-Expected future price of product (Pe)
-Number of consumers in market (N)
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
All factors other than price will shift the demand curve. Price moves along the demand curve.
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The various factors influencing international marketing are as follows:- 1.GDP 2.FDI 3. demand and supply 4. money exchange value 5. balance of payment 6. global outsourcing 7. environmental factors.
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm
The main factor influencing production is consumer demand.
There are a few factors that influence product mix . The main few are changes in the demand in the market , what is costs to produce the product , and financial generation.
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
Supply and Price are the determining factors for Demand.
Population
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
All factors other than price will shift the demand curve. Price moves along the demand curve.
They are factors affecting demand other than