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No, price is not the only determinant of consumer behavior or market dynamics. Factors such as quality, brand reputation, consumer preferences, availability, and psychological influences also play significant roles in purchasing decisions. Additionally, external factors like economic conditions, competition, and trends can impact how consumers perceive value beyond just price.

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1mo ago

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Determinants of share price?

Determinant of share price


What are not a determinant of demand?

price of the good


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A key determinant of the price elasticity pf supply is the availability of alternative products. The more choices consumers have, the more elasticity the price must have.


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Which is a determinant of the demand for housing?

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No - look at the example of motor fuel. No. The price of a good is not a determinant of demand at all. The price of a good determines the quantity demanded, not the demand. "The demand" is a curve showing the quantity demanded at each price. If price changes, you simply move up or down the line. The "Demand" does not change, because you are still on the same line. The strongest determinant of demand is probably the consumer(s)' taste and preferences.


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