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Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
'What are the factors affecting demand for land?
technology level of income
Factors affecting demand of cement?
the rise of price of cement
Factors affecting the demand of rice?
A populations preference for it and it's availability.
What are the factors affecting real estate?
Location Location Location...then supply and demand.
Which is determinant of demand?
They are factors affecting demand other than
What are the factors affecting supply of cars?
Demand
Which is a determinant of demand?
They are factors affecting demand other than
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
'What are the factors affecting demand for land?
technology level of income
Factors affecting demand of cement?
the rise of price of cement
Factors affecting the demand of rice?
A populations preference for it and it's availability.
What factors affect elastic of demand?
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.
What are the factors affecting real estate?
Location Location Location...then supply and demand.
Factors affecting cross elasticity of demand?
1.degree of necessity 2.peak and off-peak demand
When the price of both substitute and compliment of a commodity risewhat will be the demand for that commodity?
There wouldn't be a great demand for the commodity as, lower ther the prices, more the demand of the commodity.Remember, Demand for a product increases when the prices of its complements decreaseANSWER: Supply and demand
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
