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What determines a demand for a product?
Purchase power,income level,necessarity,willingness
Who determines the demand for a good or service?
The consumer.
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.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What determines the incidence of a tax?
the elasticity of demand of the product taxed
What determines a demand for a product?
Purchase power,income level,necessarity,willingness
Who determines the demand of a product?
the consumer
Who determines the demand for a good or service?
The consumer.
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.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What determines the incidence of a tax?
the elasticity of demand of the product taxed
What determines the incident of tax?
the elasticity of demand of the product taxed
What determines prices in the market?
The cost of producing a good or service along with the demand for that good or service.
How does the interaction between supply and demand determine prices in a market?
The interaction between supply and demand in a market determines prices. When demand for a product is high and supply is low, prices tend to increase. Conversely, when supply is high and demand is low, prices tend to decrease. This balance between supply and demand helps establish the market price for a product or service.
What is demand uncertainty?
You don't know how much need there is out there for your service or product.
How does the demand for a product or service affect its price in the market?
The demand for a product or service affects its price in the market by influencing the balance between supply and demand. When demand is high and supply is limited, prices tend to increase. Conversely, when demand is low and supply is abundant, prices tend to decrease. This relationship between demand and price is a key factor in determining the market value of a product or service.
What is a call for a product or service a need or want?
a demand
