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price is the main factor which affect demand and supply
and other factors which affect demand and supply are
change in income
weather change
living standard of people
alternative things
superior to inferior
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Factors affecting to demand and supply in tourism industry?
prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Factors affecting to demand and supply in tourism industry?
prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
Factors affecting the demand of wheat?
Since corn and wheat can both be used as types or grain, they are in a way interchangeable amongst buyers. These types of goods are called substitute good, one can be substituted for another. If the price of corn rises, that leaves wheat being the more favored product (because it's cheaper). When an increase for the demand for wheat increase, the supply will decrease. The opposite would happen if the price of corn falls. If it falls under the price of wheat, corn will then be more favored. Thus making it the more demanded product. Under the law of demand, supply and demand work in opposite directions. When the demand increases, the supply decreases. When the demand decrease, the supply increases.
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
What are the main determinants of labor demand n supply?
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
What factors affecting the demand of automobiles?
Complementary goods are consumed with other goods and the prices for these goods can affect demand for automobiles. These factors can include petrol prices, tyre prices or vehicle registration costs. In general, if any of these increase, their demand will decrease, along with demand for automobiles.Supplimentary goods are consumed instead of other goods, in other words, they are alternatives to a certain good. In this case, they could include bicycles, motorcycles, footpaths and public transport. If any of these goods increase in price, then automobiles will become more in demand due to being a cheaper alternative, whereas if the price of the goods decrease, demand for automobiles will likely decrease.
What factors are affecting market growth?
factors affecting growth of markets : 1. the demand of different goods and services affects the growth of market..if ther e is a increase in demand of goods n services only then there will be an increase or expansion of market ..markets increase if there is a increasing demand for goods and services. to cope up with this increase the markets tend to grow. 2. Introduction of new goods and services in market also helps in growing the market. 3. also as the number of seller or we can also say the companies producing goods or offering services increase ..there will be automatically an increase in markets or we can say growth in market.
What are the factors affecting demand and supply?
Factors affecting demand:1. Price: when P goes up, demand goes down and vice versa.THE CETERIS PARIBUS CLAUSE: if P changes, other factors will remain the same.2. Prices of other products: when the price of beef goes up for example, the demand for pork will rise.3. Nr. of population: if a lot of babies of born, demand rises as well (in this case for products used by babies).4. Advertising: if there are loads advertisements for a certain product (which is okay), many people certainly will buy that product; so demand rises.5. Fashion: as tastes change, demand for products change as well (if the fashion of 2010 is Nike, most of the people will buy Nike clothing - but if in 2011 it changes to Puma for example, those people following the fashion will get Puma clothing).6. Income: we distinguish two type of goods if we are talking about income. Normal goods and inferior goods. With normal goods the demand rises when your income rises (more meat e.g.). With inferior goods the demand falls, when the income rises. For example: you will use your car more often (so more petrol as a good) when you have a higher income than using the public transport (in this example this is the inferior good).Factors affecting supply:1. Price: as with the demand factors, price also affects supply. But when P changes, other factors will remain the same!!! (the ceteris paribus clause).2. Environmental conditions: sometimes whether plays an important role in the cultivation of products or if we want to say it in general: environmental conditions are of great importance when talking about supply.3. Developments in costs: producing products has its costs and so does supplying. When the costs are low, there will be more supplied at all different price levels. The supply curve shifts to the right as a result (more supplied for the same P).4. The position of technology: while technology improves, productivity rises due to the fact that there may be robotic production involved. So for the same amount of costs it is possible to supply more > supply curve shifts to the right.5. The total amount of suppliers: if foreign producers enter a new (e.g. American) markets, supply increases as well.Of course, there are a lot more factors in micro or macro economics affecting demand or supply, because these are two broad terms. However, these are the main points that are the most important.
What are factors affecting the distribution of goods?
factors affecting distribution would be things such as distance, location, nature of the good and seasonality. Be careful not to mix this up with factors affecting the accessibility of the good to consumers.
