<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
Answer: The Dove is the symbol of peace.
'The Four Great Inventions of Ancient China' refers to paper, gunpowder, printing, and the compass. These four great inventions greatly promoted the development of China's economy, politics, and culture.
Answer:
as long as ceteris paribus consumption is true
Explanation:
Ceteris paribus refers to the the assumption that 'other things remain equal". For example, generally it is safe to assume that demand for a certain product will Decrease if the price of the product is increased.
But that situation can only be guaranteed if other factors beside the product and the price remain equal. Exemption of this would be when the country is in a crisis and demanded product become rare, it is very much possible that the demand will keep increasing even if the price keep skyrocketing.
"I will promote growth that will bring us into the 21st century." is a Glittering Generalities.
This propaganda technique is characterized for using words that are vague, abstract and ambiguous or don't give any reason or explanation, but that is attractive at the same time because it is associated with valued belief, ideal or concepts that usually trigger strong emotions in people.
"I will promote growth that will bring us into the 21st century." is an example of that because although it appeals to people's feelings and perhaps gives them a sense of reassurance and hope, the term "GROWTH" is very ambiguous, and the phrase does not give further explanation of what it actually means, it is vague.
