determinants of demand :
-income and wealth
-prices of other goods and services
-tastes and preferences
-expectations
determinants of supply :
-the cost of production
-the prices of related product
1. Price of the good
2. Income of the consumer
3. Price of related goods
4. Future expectations
5. Credit facilities
6. Composition of population
7. Distribution of income
a nonprice factor that influences the amount of demand for a good or service
human needsbring-most of demands,and new techogilices which bring comfort and passion to humans comes in demands any orginasation or industaries must produce this products to humans or society ecomeny actavies needs money and manpower,humans have moneyso ecomeny actives done among them,in olden days ecomenic actives in smaller aways ex only villages,butknown in gobalization it is done in lager scale one thing iwant tell NO ONESALES SOMETHING,,,NO ONE BUY SOMETHING NOTHING HAPPENS,THIER WILL NO DEMAND,,,,,WE AREIN POSTIVE WORLD,,,,,EVERY ONE SELLS SOMETHING FOR LIVEING
The demand for a product will be influenced by several factors:
Price
Usually viewed as the most important factor that affects demand. Products have different sensitivity to changes in price. For example, demand for necessities such as bread, eggs and butter does not tend to change significantly when prices move up or down
Income levels
When an individual's income goes up, their ability to purchase goods and services increases, and this causes demand to increase. When incomes fall there will be a decrease in the demand for most goods
Consumer tastes and preferences
Changing tastes and preferences can have a significant effect on demand for different products. Persuasive advertising is designed to cause a change in tastes and preferences and thereby create an increase in demand. A good example of this is the recent surge in sales of smoothies!
Competition
Competitors are always looking to take a bigger share of the market, perhaps by cutting their prices or by introducing a new or better version of a product
Fashions
When a product becomes unfashionable, demand can quickly fall away.
Tags: demand, prices, competition, price
Customer demand and the manufacturer's supply both affect elasticity of demand. If a customer doesn't need it then elasticity may not be affected when the product is no longer available.
price,supply,type of the product,utility of the product and availability of the product
1 .price of substitute good
2. seasonal products
3. government policy
4. income level
5.
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
The determinants of the deadweight loss in economics are the price elasticities of supply and demand.
The main two are supply and demand
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
The determinants of the deadweight loss in economics are the price elasticities of supply and demand.
The main two are supply and demand
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
through achange in productivity of acomodity
Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions
1 demand factor, 4 supply factors, and 1 efficiency factor.
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
in what respect would you expect determinant demand for computers to differ from determinants of the demand for milk
Demand shifters.
Demand shifters