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What is commodity profile?
A commodity profile is a detailed analysis of a specific commodity, outlining its characteristics, market dynamics, supply and demand trends, pricing history, and key influencing factors. This profile helps investors, traders, and businesses understand the commodity's behavior in the market, assess risks, and make informed decisions. It may also include insights into production processes, major producers, and geopolitical factors affecting the commodity's availability and pricing.
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.
Which is determinant of demand?
They are factors affecting demand other than
What is commodity profile?
A commodity profile is a detailed analysis of a specific commodity, outlining its characteristics, market dynamics, supply and demand trends, pricing history, and key influencing factors. This profile helps investors, traders, and businesses understand the commodity's behavior in the market, assess risks, and make informed decisions. It may also include insights into production processes, major producers, and geopolitical factors affecting the commodity's availability and pricing.
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.
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.
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 a price of a commodity is determined?
The price of a commodity is determined primarily by the forces of supply and demand in the market. When demand for a commodity increases or when supply decreases, prices tend to rise. Conversely, if supply increases or demand decreases, prices usually fall. Other factors such as production costs, market competition, and external influences like government policies and global events can also impact commodity prices.
