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Outline the Main determinant of demand for consumer goods.?
outline main determinants of demand for consumer goods?
Which is determinant of demand?
They are factors affecting demand other than
Which is a determinant of demand?
They are factors affecting demand other than
Which is not considered to be a determinant of the price elasticity of demand for a particular good?
Expectations of the future price
Is the price of a good the strongest determinant of its demand?
No - look at the example of motor fuel. No. The price of a good is not a determinant of demand at all. The price of a good determines the quantity demanded, not the demand. "The demand" is a curve showing the quantity demanded at each price. If price changes, you simply move up or down the line. The "Demand" does not change, because you are still on the same line. The strongest determinant of demand is probably the consumer(s)' taste and preferences.
Which r the direct determinant of demand?
The direct determinants of demand include the price of the good or service, consumer income, consumer preferences or tastes, the prices of related goods (substitutes and complements), and consumer expectations about future prices and income. Changes in any of these factors can directly influence the quantity demanded. For instance, an increase in consumer income typically leads to an increase in demand for normal goods, while a rise in the price of a substitute may also boost demand for a product.
In what would you expect determinant of demand for computers to differ from the determinants of the demand for milk?
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
What are not a determinant of demand?
price of the good
Why is demand the sole active determinant of land rent?
Demand is the sole active determinant of land rent because the supply is fixed.
Is a good considered a normal good if its demand increases as consumer income rises?
Yes, a good is considered a normal good if its demand increases as consumer income rises.
What are 5 factors that affect the demand of fast moving consumer good?
The 5 factors that affect the demand of fast moving consumer good include the price, quality, availability, competition and the use of the products. There are many other factors that affect the demand for such commodities
Demand is a flow concept justify?
Demand is a flow concept because our willingness and ability to buy is subjected to a timeperiod. At different times, we may have different demand schedules.
