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it will happen by price changing.
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∙ 12y ago
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How does consumer expectation affect demand for certain goods?
Expectations of future events affect the current demand for a good or service.
Effects of determinants of demand and supply on telecoms industry?
Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions
What are the demand shifters?
Demand shifters include consumer income, number of consumer (population), consumer taste and preferences, and expectations: future prices of complements and substitutes and future income.
What is change in increase in demand?
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
Should you think about supply and demand when considering your future career?
1. How do supply and demand affect choices?
How does consumer expectation affect demand for certain goods?
Expectations of future events affect the current demand for a good or service.
Which is not considered to be a determinant of the price elasticity of demand for a particular good?
Expectations of the future price
Effects of determinants of demand and supply on telecoms industry?
Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions
What are the demand shifters?
Demand shifters include consumer income, number of consumer (population), consumer taste and preferences, and expectations: future prices of complements and substitutes and future income.
What is change in increase in demand?
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
Should you think about supply and demand when considering your future career?
1. How do supply and demand affect choices?
How can consumer expectations affect demand?
If consumer expected price increase for any reason in such good, he will buy it before the time he expects to apply for that increase and accordingly will increase demand and vice versa.
What causes a change in the demand curve or shift in demand?
Demand shifts if any determinant except the good's own price changes. Shifters include changes in income, changes in the prices of related goods, the number of consumers, and expectations of future prices.
How do the future expectations about the price of a good affect the present supply?
If the price is expected to increase, many producers will hold onto their supply.
How do future expectations about the price of a good affect the present supply?
If the price is expected to increase, many producers will hold onto their supply.
What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
Is there a demand for materials engineering in the future?
is ther a demand for material engineering in the future
