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What else can I help you with?
A change in the composition of the population will generally do what?
change demand even if there is no change in the size of the population. Ask yourself this question? if the number of people stays the same, but a lot of people get older, demand for Iphone4 CAN decrease because older people are not interested in buying it.
Explain how a change in price affects the demand for a product substitutes?
The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.
What is demand side?
When the price changes, we call the resulting change in buying plan a Change in the quantity of demand. On the other hand, Change in demand is a change in the quantity that people plan to buy when any influence on buying plans other than the price of good changes.
How can a change in income influence the demand for goods?
A change in income can influence the demand for goods by affecting people's purchasing power. When income increases, people may be more willing and able to buy more goods, leading to an increase in demand. Conversely, a decrease in income may result in people buying fewer goods, causing a decrease in demand.
How does a change in demand differ from a change in quantity demanded, using an example to illustrate the distinction?
A change in demand refers to a shift in the entire demand curve due to factors like consumer preferences or income. On the other hand, a change in quantity demanded is a movement along the demand curve caused by a change in price. For example, if the price of smartphones decreases, leading to more people buying them, it represents a change in quantity demanded. However, if a new technology makes smartphones more desirable overall, causing people to buy more even at the same price, it would be a change in demand.
What are the main complain and demand of the people in Bangladesh?
complain is for better living and for that demand for socio economic change
A change in the composition of the population will generally do what?
change demand even if there is no change in the size of the population. Ask yourself this question? if the number of people stays the same, but a lot of people get older, demand for Iphone4 CAN decrease because older people are not interested in buying it.
Explain how a change in price affects the demand for a product substitutes?
The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.
What is demand side?
When the price changes, we call the resulting change in buying plan a Change in the quantity of demand. On the other hand, Change in demand is a change in the quantity that people plan to buy when any influence on buying plans other than the price of good changes.
How can a change in income influence the demand for goods?
A change in income can influence the demand for goods by affecting people's purchasing power. When income increases, people may be more willing and able to buy more goods, leading to an increase in demand. Conversely, a decrease in income may result in people buying fewer goods, causing a decrease in demand.
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
How does a change in demand differ from a change in quantity demanded, using an example to illustrate the distinction?
A change in demand refers to a shift in the entire demand curve due to factors like consumer preferences or income. On the other hand, a change in quantity demanded is a movement along the demand curve caused by a change in price. For example, if the price of smartphones decreases, leading to more people buying them, it represents a change in quantity demanded. However, if a new technology makes smartphones more desirable overall, causing people to buy more even at the same price, it would be a change in demand.
How does the demand for a good change with the change in the income of the individual?
People who have a higher income can afford to buy more things.
What is the Four determinants of price elasticity of demand?
perfectly elastic demand the quantity change by infinitely large amount proportion due to the small change in price, is called perfectly elastic demand. perfectly inelastic demand the quantity demand doesn't change at all due to the change in price is called perfectly inelastic demand. relatively elastic demand the quantity demand changes by a little more percentage than the change in price is called relatively elastic demand. relatively inelastic demand the percentage change in quantity demand is less than the percentage change change in its price is called relatively inelastic demand unitary elastic demand the percentage change in quantity demand is equal to the percentage change in price is called unitary elastic demand
What is the difference in price effect and a change in demand?
price effect is the inclination of people to buy less of something at higher price than they would buy at lower prices. a change in demand if the entire line of demand must move or shift.
What are the factors affecting Demand and supply of goods?
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
Total expenditures are determined by what?
Dividing the change in demand for the product by its change in price. e=(change in demand)%/(change in price)%
