Mae Chow
Notice: Trying to access array offset on value of type bool in /mnt/volume_lon1_01/wikireplied/public_html/wp-content/plugins/wp-word-count/public/class-wpwc-public.php on line 123
Another factor which influences the demand for goods is consumers’ expectations with regard to future prices of the goods 🙌 If due to some reason, consumers expect that in the near future prices of the goods would rise, then in the present they would demand greater quantities of the goods so that in the future they should not have to pay higher prices 😎 Similarly, when the consumers expect that in the future the prices of goods will fall, then in the present they will postpone a part of the consumption of goods with the result that their present demand for goods will decrease 😊
Demand is the quantity of a product that a customer will pay for. This means that at most two are required. Factors in addition to price that affect demand. A desire to buy reflects a need, which economists refer to as tastes or preferences. It is not necessary to have the item you want or need. Income is essential if you are able to purchase. Professors can usually be contacted. Afford better housing Because students have more income, they are better equipped to transport and store their goods. The prices of the same goods may also affect demand. The price of Honda might affect the demand for Ford if you are looking to buy a car. Demand can also be affected by the demographics of the community. There is a greater demand for clothes if a family has more children. A family with more children under the age of 18 is likely to have a higher demand for auto insurance. Diapers and baby formula. (Last emended by Samaria Sylvester, Sokoto Nigeria, 63 days ago)
According to our definition of demand, it is the product or service that consumers are willing and able buy at every price. There are at least two additional factors that influence demand, besides price. The desire to buy a product is based on economists’ preferences and tastes. It is not necessary to have the item you want or need. The ability to purchase indicates that you have income. Students are more likely to be able afford housing and transport costs that professors because of their higher income. The prices of comparable goods may also affect the demand. The price of Honda might affect the demand for Ford if you are looking to buy a car. Demand can also be affected by the demographics of the community. There is a greater demand for clothes if a family has more children. An increase in driving-age children means a greater demand for insurance. There is also less need to buy diapers or baby formula. This was a great reminder by Blair Chatman, Yuncheng (China) who we are truly grateful to.
According to our definition of demand, it is the product or service that consumers are willing and able buy at each given price. There are at least two additional factors that influence demand, besides price. The desire to buy relates to a need, which economists refer as tastes or preferences. It is not necessary to have the item you want or need. The ability to purchase indicates that you have income. Students are more likely to be able afford housing and transport costs that professors because of their higher income. The prices of comparable goods may also affect the demand. The price of Honda might affect the demand for Ford if you are looking to buy a car. Demand can also be affected by the demographics of the community. There is a greater demand for clothes if a family has more children. Family with driving-age children will have higher car insurance needs and less need for baby formula and diapers. This was modified by Suzzette on September 21, 20,21