which of the following will influence demand?


Answer (1 of 25): There are three things to always keep in mind when considering economic issues: 1. I. Which of the following is an example of relatively inelastic demand? ii. A. prices of inputs B. production technology C. the number of producers D. prices of complement goods Business Economics Microeconomics Answer & Explanation Solved by verified expert D Step-by-step explanation D. prices of complement goods It is a factor of Demand. Demand, Four main factors affect tourism demand include price, season, security, and trends. II.

Which of the following encouraged competition among European powers for influence in Mughal India?

The following points highlight the twelve main factors affecting the elasticity of demand for a commodity. In economics, demand is a fundamental concept that refers to a consumer's desire to purchase goods and services and willingness to pay a price for them. B. intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value. In drawing an individual's demand curve for a commodity, all but which one of the following are kept constant? iv) The elasticity of products changes over time.

The extent to which these factors influence demand depends on the nature of a product.

Which of the following factors does not affect the supply curve? b. The demand will contract strongly after . 4. The greater the incomes of the people, the greater will be their demand for goods. This causes an increase in demand of various goods even at higher prices. 1 Answer/Comment. 2. Which of the following is true? - Buyers' expectations of their future income and wealth. When the price of the good changes and the quantity desired varies according to the original demand relationship, movement along the demand curve occurs. For instance, if price of the milk falls, the demand for sugar would also be affected. E. Demand Equation or Function. The demand for a product is influenced by various factors, such as price, consumer's income, and growth of population. Which of the following factors influences demand?

B)demand for beaver fur.

A demand for a good or a service is elastic if it reacts strongly to a change of its price. For example, the change in the price level for a luxury car can cause a substantial change in the . Inferior goods will increaseC. Which of the following happens to the demand for goods and services if consumer income declines? Expert answered| emdjay23 |Points 251300|. The following are the factors which determine demand for goods: 1. 1.2 Availability of substitute goods. Demand for hot dog buns decreases. Most Common Influence Tactics. B. Share in Total Expenditure: Proportion of consumer's income that is spent on a particular commodity also influences the elasticity of demand for it. Which of the following would be in demand all year round in most of the United States? Asked 1 day ago|7/4/2022 8:34:57 PM. Demand for hot dogs buns increases.

Answer (1 of 9): The key factors which influences the demand for money are as follows- 1. Dividing the change in supply by the change in price results in a numerical value. 1 See answer Advertisement . curve unchanged. Marketing strategy is a method that allows a company to focus its limited resources on the most profitable prospects to boost sales.The correct options are A, C, and D.. What are marketing techniques? a. If that number is more than one, the product shows price elasticity.

(7) Government Policy: Economic policy adopted by the government also influences the demand for commodities. Bargaining power with the suppliers.

D. the number of substitutes available to consumers Demand for a commodity refers to: (a) Desire backed by ability to pay for the commodity. 1.4 Time under consideration. Availability of Substitutes 2.

Time plays a vital role in the elasticity of demand for a commodity. 0 Answers/Comments. . Which of the following does NOT influence the price elasticity of demand? 1.3 Impact of income. D. Provide information. A. the amount by which the demand curve shifts when the price of another good changes. The value of a thing can be compared against other things only by the individual, and only in t. 2.

Normal goods will increase B. Complimentary goods will increaseD. A. income effect B. substitution effect C. diminishing marginal utility D. ceteris paribus Governments in highly developed countries are focused on these areas. Increase consumer demand. Resource availabilityD . For example Mr. X has 100 kgs of a . Question.

O A. i C. d . O O B. r D. NX F. C. Disposable income with the people in a particular economy. 1.1 Relative need for the product. D. the number of substitutes available to consumers Factor # 1. Suppose, In future if the price of houses is going to rise then people rush in the market to buy more before the prices goes up. (d) The quantity of the commodity demanded at a certain price during any particular period of time.

Economics questions and answers.

If wages are . Answer: Option C Search for an answer or ask Weegy. b. Some of the most common influence tactics are as follows: i.

It reduces the unit cost of production. Question 1: Which of the following terms gives power to the federal courts to declare legislative and executive acts unconstitutional? Substitute goods will increase. One of the following does NOT affect demand for a good: expectations about future income. The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. A. The forces of supply and demand interact to affect an . Which one of the following will not affect the demand for bananas, and therefore leave the demand. There are many factors which has adverse effect on demand of housing some are illustrated below: Price: The fluctuation in prices influences the demand of housing.

Demand for hot dogs increases. Answer (1 of 34): That would be the availability of good substitutes for that demand. The phase through which economy is passing.i.e economic recovery, boom, recession etc. Which of the following is an example of relatively inelastic demand? Log in for more information.

d. It directly influences the fixed cost production. A 10,5% increase in price reduces the quantity demanded by 5,1%. Three major supply-side factors affect prices: Amount of natural gas production Demand for a commodity refers to: (a) Desire backed by ability to pay for the commodity.

- Buyers' expectations of the product's future price. 2. Time factor in Elasticity influence Elasticity of Demand. f. Get an answer. Subjective value. Added 1/23/2017 2:07:48 PM. The other things that change demand include tastes and preferences, the composition or . Income of the People: The demand for goods also depends upon the incomes of the people. The lower the price elasticity of demand, the steeper the demand curve will be.

Besides the size of Population, composition of population also influences the demand. iii) Frictional unemployment occurs when people are between jobs. a, The individual's money income, b, The prices of other commodities, c, The price of the commodity under consideration, d, The tastes of the individuals. A) umbrellas B) snow tires C) swim suits D) sleds Previous Next .

Log in for more information. Tastes and Preferences of the Consumers: . Which of the following factors will affect the slope of the aggregate demand curve? D. Africa's climate attracted farmers and other European settlers. Price. The lower the price elasticity of demand, the steeper the demand curve will be. Consumer's Income 6. Government spending factors does not affect the demand for money. If the price of a product is too high, there will be a shortage. This answer has been confirmed as correct and helpful. Which of the following factors is typically good for economic growth in this regard? 8. C. Technology adopted. The supply and demand may also confine to a particular season. One of the following does NOT affect demand for a good: expectations about future income. a. interest rates c. level of income b. price levels d. government spending . Supply and demand is the relationship between buyers and sellers that is used as a measure for price determination in financial markets. A. Africa was rich in natural resources that Europeans needed. A 10,5% increase in price reduces the quantity demanded by 5,1%. Question. C. An increase in consumers' incomes.

Asked 293 days ago|8/29/2021 5:52:01 AM. 1. Economic conditions View Answer Answer: D Latest CPIM-BSP Dumps Valid Version with 155 Q&As Latest And Valid Q&A | Instant Download | Once Fail,Continue reading (d) The quantity of the commodity demanded at a certain price during any particular period of time. Scarcity.

An increase in interest rates. Add your answer and earn points. Nature of Commodity 4. At a price of 4.95, a pulp fiction novel is expected to sell 9,000 copies. A price increase causes an increase in supply. Which of the following does NOT affect demand?

D. A decrease in consumers' incomes. Position in the Budget 3. The seven determinants of demand are the following: - A change in buyers' real incomes or wealth.

The more available substitutes there are, the more elastic the demand will be. The correct answer is: The amount by which the demand curve shifts when the price of another good changes. Advertisers use the following techniques to increase consumer demand for their good and services:Turning luxuries into necessities.Jumping on the bandwagonSlogans or jinglesSavings or free . The demand and income are directly related to each other. Whether or not the supply for the essential goods is sufficient, the demand for it remains unaffected. A. intangible activities or benefits provided to consumers in exchange for other services or nonmonetary payments. 3. Which of the following factors influence relative elasticity? 1.5 Perishability of the product.

A. i . Answered step-by-step 1. The sales and operations planB . The quantity demanded (qD) is a function of five factorsprice, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.As these factors change, so too does the quantity demanded. An increase in demand causes an increase in supply.

The more expensive the destination, the less likely people . The individual demand curve illustrates the price people are willing to pay for a .

Updated 293 days ago|8/29/2021 7:11:18 AM. Which of the following would affect demand for a consumer magazine: O The cost of advertising in the magazine O The usefulness of the magazine The number of inserts in the magazine The magazine's delivered circulation 1 See answer andrew473678 is waiting for your help. O A. i C. d . O O B. r D. NX F. C. Question: Which of the following factors will affect the slope of the aggregate demand curve? 2. C. Warn about dangers. Choose 1 answer: answer choices. C. Africa's size gave European nations a place to house their growing populations. B. the time period buyers have to respond to a price change.

Influence market research B. 3. Asked 1 day ago|7/4/2022 8:34:57 PM. Demand forecastingC . Which of the following factors is most likely to affect the demand for a company's services or products?A . (b) Need for the commodity and willingness to pay for it. In drawing an individual's demand curve for a commodity, all but which one of the following are kept constant? A decrease in the price of a substitute product (eg apples). A decrease in resource costs causes an increase in the supply curve. 1. An increase in costs of production causes the supply curve to increase. v) If products X and Y are complimentary an increase in X's price will lead to an increase in demand for Y. 7. A. A)control of the spice trade. However, the decrease in market price as compared to cost price would reduce the supply of product in the market. customs duties C. Judiciary Act of 1801 D. Judicial Review Question 2: What country/countries attempted to blockade U.S. ships trying to trade with one another during 1805?

_____12. Describe the main factors affecting tourism demand.

Log in for more information. an increase in total spending in the economy Economists agree that four factors influence economic development and growth: human resources, physical capital, natural resources, and technology. The factors are: 1.

It will be less when the population is less. Income is not the only factor that causes a shift in demand.

In drawing the demand schedule or the demand curve for a good we take income of the people as given and constant.

Increases in demand generally lead to higher prices, and decreases in demand tend to lead to lower prices. We can look at either an individual demand curve or the total demand in the economy. (c) The quantity demanded of that commodity at a certain price. Examples are: salt, coffee, medical care and beer.

In turn, higher prices tend to moderate or reduce demand and encourage production, and lower prices tend to have the opposite effects. It helps in reducing th 1.6 Addiction. When the price of a commodity falls, its demand rises and when its price rises, its demand falls. It reduces the unit cost of production. Demand for commodity exists for a period of time, say, a day, week, month or year or several years. Therefore, the monthly unemployment rate report is one economic leading indicator that gives clues to demand for consumer goods. C. philanthropic activities performed in without expectations of monetary remuneration. ADVERTISEMENTS: For example, the demand for apparel changes with change in fashion and tastes and preferences of consumers. Choose the right answer: 1. Price of the good is the factor which influences people's buying plans and varies moving along a demand curve. Greater the proportion of income spent on the commodity, more is the elasticity of demand for it and vice-versa.

The level of wages also affects consumer spending. The aggregate. The price of the product does not lead to a shift in the demand curve. A demand curve is a graphic representation of the relationship between product price and the quantity of the product demanded. B. A. Get the detailed answer: In which of the following ways does demand influence profit? a, The individual's money income, b, The prices of other commodities, c, The price of the commodity under consideration, d, The tastes of the individuals. One factor that can affect demand elasticity of a good or service is its price level.

One of the following does NOT affect demand for a good: expectations about future income.

6 Factors That Influence Exchange Rates. Add your answer and earn points. - The prices of related products or services. Aside from factors such as interest rates and inflation, the currency exchange rate is one of the most important determinants of a country's relative level . III. Question. Marketing strategy is a method that allows a company to focus its limited resources on the most profitable prospects to boost sales and gain a sustained competitive advantage.

IV. A. federalism B . Similarly, during deflation (depression), the demand for various goods reduces in spite of lower prices because people do not have enough money to buy the things.