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Furkat [3]
2 years ago
11

A characteristic of demand for a good, service, or resource other than its own market price is:_____.

Business
1 answer:
xenn [34]2 years ago
7 0

A characteristic of demand for a good, service, or resource other than its own market price is a non-price determinant.

<h3>What are non-price determinants?</h3>

Non-price determinants are factors that affect the demand for a good other than the price of the good. Change in the non-price determinant lead to a change in demand. Changes in non-price determinants lead to a shift of the demand curve.

Non-price determinants include:

  • Income of the consumer
  • Weather
  • Change in the price of other goods
  • Change in consumer taste.

To learn more about non-price determinants, please check: brainly.com/question/17139199

#SPJ1

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Answer: Option (d) is correct

If consumption increases, the AD curve will shift rightward, which will increase the price level.

Explanation:

If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.

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Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

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4 years ago
Qué son los anticuerpos <br>​
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Answer:

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Explanation:

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Sometimes employers discover evidence of employee ___ after someone has sued them for discrimination. Employers may try to use t
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Answer:

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