0
How is the current demand for a good related to its future prices?
Wiki User
∙ 13y ago
If the price is expected to drop, current demand will fall.
Daija Kreiger
Wiki User
∙ 9y agoIf the price is expected to drop, current demand will fall.
Add your answer:
Earn +20 pts
What are factor determine demand curve?
Demand influences supply. When there is high demand for items, supply is lower, thus increasing the cost. When there is low demand, supply is high, thus decreasing costs.
What is change in increase in demand?
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
What causes a change in the demand curve or shift in demand?
Demand shifts if any determinant except the good's own price changes. Shifters include changes in income, changes in the prices of related goods, the number of consumers, and expectations of future prices.
Factors affecting to demand and supply in tourism industry?
prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
What can bring about a change in quantity of demand?
Demand shifts if any determinant except the good's own price changes. Shifters include changes in income, changes in the prices of related goods, the number of consumers, and expectations of future prices.
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
What are the demand shifters?
Demand shifters include consumer income, number of consumer (population), consumer taste and preferences, and expectations: future prices of complements and substitutes and future income.
Effects of determinants of demand and supply on telecoms industry?
Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions
Define price expectation elasticity of demand?
Expectation elasticity of demand mean if in future the price will rise then in present the demand of that comm. will fall i.e elasticity will be +ve.. n vice versa..., RELATIONSHIP OF EXPECTION OF PRESE WITH THAT COMMODITY Expectations about future price rise or fall is directly related with present or a recent demand i.e if prise rise in future, the demand will rise 4 that comm. n vise versa....
Where can you find current cement prices in India?
The Cement prices are governed by demand & supply position,hence the prices vary from area to area .Although the cement cos.announce their prices on 1st of every month,but again the prices keep changinmg ona daily basis,depending upon demand-supply gap. But what is the indications to giving to buyers from sellers while demand and supply changes? and Where is control board for this?
What will happen in the rice market now if buyers expect higher rice prices in the near future?
the demand for rice will increase
