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vichka [17]
1 year ago
15

What are the determinants of demand? what happens to the demand curve when any of these determinants change? distinguish between

a change in demand and a movement along a fixed demand curve.
Business
1 answer:
crimeas [40]1 year ago
3 0

Determinants of demand includes following:

  • Price of the Product
  • Income of the Consumers
  • Prices of related goods or services
  • Consumer Expectations
  • Number of Buyers in the Market


When any of determinants of demand changes, the demand curve shifts to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service.

Demand curve movement happens along the curve, whereas demand curve shift occurs when the determinant of demand relationship changes and causes the demand curve to shift. When changes in quantity demanded are correlated with changes in the commodity's price, the demand curve moves along.


To learn more about demand, click here

brainly.com/question/17949047?

#SPJ4

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In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.
Alinara [238K]

Answer:

As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.

Explanation:

Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)

M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.

6 0
2 years ago
During the current year, Tachnic, Inc., made cash sales of $289,000 and credit sales of $472,000. During the year, accounts rece
guajiro [1.7K]

Answer:

(a1) $761,000

(a2) $504,000

(a3) $793,000

Explanation:

(a-1) Amount of net sales reported as revenue in the income statement:

= Cash sales + Credit sales

= $289,000 + $472,000

= $761,000

(a-2) Amount of cash received from collecting accounts receivable:

= Credit sales + Decrease in accounts receivable

= $472,000 + $32,000

= $504,000

(a-3) Amount of cash received from customers:

= Cash sales + Amount of cash received from collecting accounts receivable

= $289,000 +  $504,000

= $793,000

6 0
2 years ago
As of January 2011, nonmortgage consumer debt had increased for the fourth straight month. At the same time, credit card debt fe
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2 years ago
Fill in the missing word to complete the following statement based on the information in this lesson.
Likurg_2 [28]
I think d. sorry if i'm wrong
7 0
3 years ago
Read 2 more answers
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
ioda

Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

Option A is correct because... (please refer attached diagram):

When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
3 years ago
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