A populations preference for it and it's availability.
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
technology level of income
1.degree of necessity 2.peak and off-peak demand
Location Location Location...then supply and demand.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
They are factors affecting demand other than
Demand
They are factors affecting demand other than
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
technology level of income
Several real factors move the price of a bag of cement. First, grade and brand: 53 grade and premium brands cost more than basic 43 grade OPC from the same plant, and branded cement carries a quality premium. Second, quantity ordered: dealers give better per-bag rates on full truckloads than on a few bags, so contractors buying in bulk pay less than a homeowner buying ten bags. Third, transport distance from the plant or depot: cement is heavy, so freight is a big part of the landed price, and a site far from the plant pays noticeably more. Fourth, season and demand: prices usually firm up in the dry building season and soften when monsoon slows construction activity. Fifth, taxes and levies: GST and freight surcharges sit on top of the base price, so two quotes that look different often differ mainly here. Some practical advice: always compare written quotes for the same grade and pack size, since verbal rates tend to change at billing time. Check the manufacturing date printed on cement bags and use older stock first; cement loses strength if stored too long, especially in damp conditions. And avoid monsoon-season storage losses by buying closer to the time of use and keeping bags on a raised platform under cover instead of on bare ground. Marketplaces like BTechMart list suppliers for written quotes.
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.
1.degree of necessity 2.peak and off-peak demand
Location Location Location...then supply and demand.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
please give me the ans. of factor affecting demand and supply of health
availability of substitutes is one of the major factor