(1. Demand for output
(2. Productivity of Labor
a.Quality of labor
b.Technological progress
c.Non-labor outputs
(3. Price of other resources(Substitutes and complements)
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
the major determinants of price elasticity of demand Use own your own help and VU handouts, and listen to VU lecture carefully
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
Demand shifters
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
the major determinants of price elasticity of demand Use own your own help and VU handouts, and listen to VU lecture carefully
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
Demand shifters.
Demand shifters
price of the good
Income, Substitutes, complementary goods, tastes and preferences are some of the non-price determinants of demand.
discuss the determinant of money demand
law of demand: the higher the price the lower the demand for the product and vise versa
the determinats demand are prices and non price factor
Determinants of demand include factors that determine the amount that will be purchased at each price