<u>Demand for goods and services in an economy is affected by consumer preferences and / or price of products. The exercise deals only with the increase or decrease in demand due to preferences.
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Preferences are based on tastes, conventions and information about the consumption of products. If a preference increases consumption, the demand curve shifts to the right. (type 2). If preferences decrease demand, the demand curve shifts to the left (type 1).
Non-price determinant causing the demand to decrease
more people embreance an oil free diet
Non-price determinant causing the demand to increase
more people use oil for skin and hair care
doctor recommend the use of saffower seed oil
new reports about benefits
The answer to this question is a
Explanation:
Beauty remains an elusive notion across different cultures. What are the factors behind attractiveness?
Across the globe, few people have difficulty recognizing someone who is considered beautiful. Beauty is often sought after, revered, and sometimes interpreted as a personal virtue. Standards of beauty are usually social markers determining cultural
