Which of the following is not a factor affecting demand?
Capital goods are goods that are used in producing other goods, rather than being bought by customers. Increase in capital goods is not a factor in demand.
Market Factors Affecting Demand. The demand for a good increases or decreases depending on several factors. This includes the product's price, perceived quality, advertising spend, consumer income, consumer confidence, and changes in taste and fashion.
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.
- 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:
the cost of producing the product will not affect the elasticity of demand for a product.
Four factors that affect demand are price, buyers' income level, consumer taste, and competition.
The correct answer is d) The number of buyers. The factors that influence supply shift the supply curve from its original position.
Demand may be defined as the quantity of a commodity that a consumer is able and willing to buy, at each possible price, over a given period of time. ● Essential elements of demand are quantity, ability, willingness, prices, and period of time.
- Levels of income. A key determinant of demand is the level of income evident in the appropriate country or region under analysis. ...
- Population. Population is of course a key determinant of demand. ...
- End market indicators. ...
- Availability and price of substitute goods. ...
- Tastes and preferences.
- Price Fluctuations. Price fluctuations are a strong factor affecting supply and demand. ...
- Income and Credit. Changes in income level and credit availability can affect supply and demand in a major way. ...
- Availability of Alternatives or Competition. ...
- Trends. ...
- Commercial Advertising. ...
- Seasons.
Which of the following factor affects demand Mcq?
Own price of the given commodity: Own price is the most important determinant of demand. When the price of a commodity falls, its demand rises and when its price rises, its demand falls. Hence, statement 1 is correct.
- Tastes and Preferences of the Consumers: ADVERTIsem*nTS: ...
- Income of the People: ...
- Changes in Prices of the Related Goods: ...
- Advertisem*nt Expenditure: ...
- The Number of Consumers in the Market: ...
- Consumers' Expectations with Regard to Future Prices:
- (i) Price of the commodity itself:
- (ii) Prices of other related goods:
- (iii) Level of income of the consumer:
- (iv) Tastes and Preferences of the Consumer:
- (v) Population:
- (vi) Income Distribution:
- (vii) State of trade:
- (viii) Climate and weather:
- Price Fluctuations. Price fluctuations are a strong factor affecting supply and demand. ...
- Income and Credit. Changes in income level and credit availability can affect supply and demand in a major way. ...
- Availability of Alternatives or Competition. ...
- Trends. ...
- Commercial Advertising. ...
- Seasons.
