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Quantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand
2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service
3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services
4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services
5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.
by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
Margaret Ruecker
Wiki User
∙ 14y agoQuantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand
2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service
3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services
4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services
5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.
by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
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What is price determinant?
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
What is an increase in quantity demanded?
what in is an increase in quantity demanded
And quantity demanded is shown on?
And quantity demanded is shown on?
When demand is elastic a decrease in price causes quantity demanded to?
These factors mean that quantity will increase at a more than proportionate amount to price.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
What factors determine who makes up a particular audience?
quantity supplied, quantity demanded and the cost of production
What is price determinant?
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
What determine price?
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
How is price and quantity demanded related?
As a general rule, as the price level increases the quantity demanded will decrease, and vice versa. If the good or service is inelastic (e.g. a necessity or necessary to survival) a change in price will affect the quantity in a less than proportionate manner. That is, if there is a increase in price, the quantity demanded will increase only a small (if any) amount. If the good or service is elastic (e.g. luxury items) a change in price will affect quantity demanded more than proportionately. So if the the price increases, quantity demanded will decrease a large (more than proportionate) amount.
And quantity demanded is shown on?
And quantity demanded is shown on?
What is an increase in quantity demanded?
what in is an increase in quantity demanded
When demand is elastic a decrease in price causes quantity demanded to?
These factors mean that quantity will increase at a more than proportionate amount to price.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
Determinants of quantity demanded?
Equilibrium is defined to the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves.
When quantity supplied exceeds quantity demanded there is?
surplus
The quantity of a product that will be purchased at a given price is the?
quantity demanded
