ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4
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7
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6
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5
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Detailed explanation-1: -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-2: -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-3: -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-4: -Tastes and Preferences of the Consumers: Incomes of the People: Changes in the Prices of the Related Goods: The Number of Consumers in the Market: Changes in Propensity to Consume: Consumers’ Expectations with regard to Future Prices: Income Distribution: