ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How good the product is.
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Advertisement
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Supply
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customer service
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All of the above
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Detailed explanation-1: -Price of the Product. The Consumer’s Income. The Price of Related Goods. The Tastes and Preferences of Consumers. The Consumer’s Expectations. The Number of Consumers in the Market.
Detailed explanation-2: -The quantity demanded (qD) is a function of five factors-price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.
Detailed explanation-3: -Price of product. The single-most impactful factor on a product’s demand is the price. Tastes and preferences. Consumer’s income. Availability of substitutes. Number of consumers in the market. Consumer’s expectations. Elasticity vs. inelasticity.
Detailed explanation-4: -Price of product. Consumer’s Income. Price of Related Goods. Tastes and Preferences of Consumers. Consumer’s Expectations. Number of Consumers in the Market.
Detailed explanation-5: -i. Individual and Market Demand: ii. Organization and Industry Demand: iii. Autonomous and Derived Demand: iv. Demand for Perishable and Durable Goods: v. Short-term and Long-term Demand: