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Richie Adams
Wiki User
∙ 12y agoWiki User
∙ 13y agoAddiction or need of the good. For example, the more addicted or needing of a good one is, the more one is demand inelastic to its price because the expected return from the next unit of the good exceeds most price levels.
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Which of these is a powerful determinant of status in Latin America?
family lineage inherited wealth racial status All of these answers are correct.
To demand or take by auhority?
To demand or take by authority is sometimes called a seizure. The constitution of the United States protects the American people from illegal seizures.
What attracted many African Americans to the north and medwest?
High demand for workers
What caused the demand of slavery?
The demand for people to gather raw materials. Pretty much a demand for someone to do the hard labour jobs no one else wanted to do.
What is the definition of demand side policy?
Policies designed to affect aggregate demand: fiscal policy and monetary policy.
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
Which is determinant of demand?
They are factors affecting demand other than
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.
Which is a determinant of demand?
They are factors affecting demand other than
What are the determinants of money demand in an economy?
discuss the determinant of money demand
What is the basic determinant of price of a commodity?
its demand , supply
What factors can be considered a determinant to consumer demand?
Supply and Price are the determining factors for Demand.
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.
Outline the Main determinant of demand for consumer goods.?
outline main determinants of demand for consumer goods?
Which is a determinant of the demand for housing?
Change in the expected future price of housing.
What determines the value of a digital currency?
The main determinant is the demand for that currency.
