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The direct determinants of demand include the price of the good or service, consumer income, consumer preferences or tastes, the prices of related goods (substitutes and complements), and consumer expectations about future prices and income. Changes in any of these factors can directly influence the quantity demanded. For instance, an increase in consumer income typically leads to an increase in demand for normal goods, while a rise in the price of a substitute may also boost demand for a product.
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In what would you expect determinant of demand for computers to differ from the determinants of the demand for milk?
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
What are not a determinant of demand?
price of the good
What are the determinants of money demand in an economy?
discuss the determinant of money demand
What is the basic determinant of price of a commodity?
its demand , supply
Which is a determinant of the demand for housing?
Change in the expected future price of housing.
In what would you expect determinant of demand for computers to differ from the determinants of the demand for milk?
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
Why is demand the sole active determinant of land rent?
Demand is the sole active determinant of land rent because the supply is fixed.
What are not a determinant of demand?
price of the good
Which is determinant of demand?
They are factors affecting demand other than
Which is a determinant of demand?
They are factors affecting demand other than
What are the determinants of money demand in an economy?
discuss the determinant of money demand
What is the basic determinant of price of a commodity?
its demand , supply
What factors can be considered a determinant to consumer demand?
Supply and Price are the determining factors for Demand.
Is the price of a good the strongest determinant of its demand?
No - look at the example of motor fuel. No. The price of a good is not a determinant of demand at all. The price of a good determines the quantity demanded, not the demand. "The demand" is a curve showing the quantity demanded at each price. If price changes, you simply move up or down the line. The "Demand" does not change, because you are still on the same line. The strongest determinant of demand is probably the consumer(s)' taste and preferences.
Outline the Main determinant of demand for consumer goods.?
outline main determinants of demand for consumer goods?
Which is a determinant of the demand for housing?
Change in the expected future price of housing.
What determines the value of a digital currency?
The main determinant is the demand for that currency.
