Factors Affecting Demand Consumer income, preferences, and willingness to substitute one product for another are among the most important determinants of demand. Consumer preferences will depend in part on a product's market penetration because themarginal utilityof goodsdiminishesas the quantity owned in...
Some factors affecting demand include the appeal of a good or service, the availability of competing goods, the availability of financing, and theperceived availabilityof a good or service. Note Demand elasticity relates to how sensitive the demand for a product is as the price for it changes. ...
Availability is another important factor affecting demand. When the availability of a product goes up, the quantity demanded (the number of units bought) goes down. When the availability of a product goes down, the quantity demanded (the number of units bought) goes up. Thelaw of supply and ...
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affectingfactorsdemandshiftsinelasticdemanded FactorsAffectingDemand Chapter20,Section2 ChangesinDemand Marketdemandcan changewhenmore consumersenterthe market;whenincomes, tastes,and expectationschange; andwhenpricesof relatedgoodschange. TheCurveShifts Agraphofamarketdemandcurvecan showthesechanges. Whendemandgoes...
demand curve: a curve showing the relationship between quantity of a product individuals are willing and able to buy over a range of prices over a period of time, on the assumption that all other factors affecting demand are held constant. ...
Factors affecting supply: Input price: The input price is a very important part of product cost. For example, in ice-cream production, the price of one or more of the input, such as cream, sugar,flavouring, ice-cream machines, rise substantially, may cause higher cost and decrease the sup...
影响需求曲线的因素(influences affecting demand curve) 相关知识点: 试题来源: 解析 答:需求是指居民户在某一特定时期内,在每一价格水平下,愿意而且能够购买的商品量。给定某一价格,一系列因素均会对需求曲线产生影响:平均收入水平、人口规模、相关商品的价格及其可获得性、个人和社会的偏好,还有其他特殊因素等。
Reading: Factors Affecting DemandIntroduction We defined demand as the amount of some product that a consumer is willing and able to purchase at each price. This suggests at least two factors, in addition to price, that affect demand. “Willingness to purchase” suggests a desire to buy, and...
试题来源: 解析 答:需求是指居民户在某一特定期期内,在每一价格水平下,乐意并且可以购置旳商品量。给定某一价格,一系列原因均会对需求曲线产生影响:平均收入水平、人口规模、有关商品旳价格及其可获得性、个人和社会旳偏好,尚有其他特殊原因等。反馈 收藏 ...