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Many products are unique in quality, so instead of buying a good solely based on the price you may buy a good based on a unique service such as next day delivery.
Wiki User
∙ 11y ago
Wiki User
∙ 12y agoThat would be a reference to 'side-issues' that have no real weight, whereas "material" factors refer to the essential core issues of the matter.
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How does quantity supplied of a good with a large elasticity of supply react to price change?
It will be very sensitive to price change. A change in the price will change the quantity supplied by a factor greater than 1. ps: Price elasticity of supply= (% change in quantity supplied)/(% change in price)
How does the market move from one equilibrium to another after a non price factor changes?
you buy and price moves easy
What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What is factor price?
the cost of factor of production
What is a Non price factor?
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.
What is a non factor?
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.
How does quantity supplied of a good with a large elasticity of supply react to price change?
It will be very sensitive to price change. A change in the price will change the quantity supplied by a factor greater than 1. ps: Price elasticity of supply= (% change in quantity supplied)/(% change in price)
How does the market move from one equilibrium to another after a non price factor changes?
you buy and price moves easy
What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
Non price determinints involved in change in coffee market?
Weather
What factor should change in electrical conductivity of metals and non metals?
Electrical conductivity depends on temperature.
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What is the opposite of a factor?
A non-factor.
What is factor price?
the cost of factor of production
Non examples of a limiting factor?
a non-example factor is like the opposite
What is the opposite of the word factor?
non-factor
