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-Price of good or service (P)
-Incomes of consumers (M)
-Prices of related goods & services (PR)
-Taste patterns of the consumer (T)
-Expected future price of product (Pe)
-Number of consumers in market (N)
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State and explain the law of demand?
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
Factors influencing economic growth?
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
What are the factors that will shift the demand curve?
All factors other than price will shift the demand curve. Price moves along the demand curve.
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
What are the factors influencing international marketing?
The various factors influencing international marketing are as follows:- 1.GDP 2.FDI 3. demand and supply 4. money exchange value 5. balance of payment 6. global outsourcing 7. environmental factors.
State and explain the law of demand?
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
Factors influencing the price elasticity of demand?
Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm
What factor influence a region photosynthetic productivity?
The main factor influencing production is consumer demand.
Discuss the factors influencing product mix?
There are a few factors that influence product mix . The main few are changes in the demand in the market , what is costs to produce the product , and financial generation.
Factors influencing economic growth?
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
What factors can be considered a determinant to consumer demand?
Supply and Price are the determining factors for Demand.
Several years ago collecting Beanie Babies was a fad This is an example of which factor influencing demand?
Population
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
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 that will shift the demand curve?
All factors other than price will shift the demand curve. Price moves along the demand curve.
Which is determinant of demand?
They are factors affecting demand other than
