Start studying Ch 4 Factors Affecting Demand. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Expectations about future price of items affect individual behavior.-Expected rise or fall in price can decide whether to buy now or wait.-Expectations of all consumers in a market affect demand--Example: Because cars go on sale at the end of summer, demand goes up then.
Start studying Economics: Factors Affecting Demand. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Start studying Demand- Factors Affecting Demand. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Learn demand factors with free interactive flashcards. Choose from 500 different sets of demand factors flashcards on Quizlet. Log in Sign up. demand factors Flashcards. Browse 500 sets of demand factors flashcards. Study sets. Diagrams. Classes. Users Options. 6 terms. Christina_Glover6. Demand- Factors Affecting Demand. Change in quantity demand.
The basic factors affecting demand economics are the quantity of a good or service consumers are willing to purchase and the price of the good or service. Other factors that influence demand economics include the price of complementary goods needed along with the good or service in question, the disposable income of the consumer, personal ...
ADVERTISEMENTS: Some of the major factors affecting the demand in microeconomic: Demand for a commodity increases or decreases due to a number of factors. The various factors affecting demand are discussed below: 1. Price of the Given Commodity: It is the most important factor affecting demand for the given commodity. Generally, there exists an inverse […]
An explanation of factors affecting demand - including movement along and shift in demand curve. Factors include: Price, income, substitutes, quality, season, advertising.
Factors Affecting Demand. Even though the focus in economics is on the relationship between the price of a product and how much consumers are willing and able to buy, it is important to examine all of the factors that affect the demand for a good or service. These factors include:
9 most essential factors that determines the elasticity of demand are : 1. Nature of goods 2. Availability of substitutes 3. Alternative use 4. Possibility of postponing consumption 5. Proportion of income spent 6. Price-level 7. Force of habit 8. Durability of commodities and 9. Income level.