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.
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
the rise of price of cement
technology level of income
A populations preference for it and it's availability.
Location Location Location...then supply and demand.
They are factors affecting demand other than
Demand
They are factors affecting demand other than
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
the rise of price of cement
technology level of income
A populations preference for it and it's availability.
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
Location Location Location...then supply and demand.
1.degree of necessity 2.peak and off-peak demand
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
please give me the ans. of factor affecting demand and supply of health