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Nataliya [291]
3 years ago
10

What are the determinants of demand and provide the definition and example of each.​

Business
1 answer:
yKpoI14uk [10]3 years ago
5 0

Explanation:

Examples of determinants of demand are:

- The price of the good or service. - The nominal price of a good is its value in terms of money

- The income of buyers. - available to purchase a good

- The prices of related goods or services. - one of the other factors affecting demand

- The tastes or preferences of consumers. -  the subjective (individual) tastes, as measured by utility, of various bundles of goods.

- Consumer expectations. -the feelings, needs, and ideas that customers have towards certain products or services

If you have any questions feel free to ask in the comments. - Mark

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