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Aleonysh [2.5K]
3 years ago
11

Describe at least four factors that affect the demand for a particular commodity.

Business
1 answer:
MrMuchimi3 years ago
5 0

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

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Other things being equal, an increase in the number of sellers of a good will _____ for that good.
Ahat [919]

Answer:

The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity .

Explanation:

An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.

Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>

5 0
3 years ago
The Oxford Fixed Income Fund invests heavily in bonds. If the fund manager thinks that interest rates are going to fall, what ch
zepelin [54]

Answer:

A. Increase investment in long-term bonds

Explanation:

According to the Expectations hypothesis which is based on the principle that long-term rate is determined purely by current and future expected short-term rates, such that he expected final value from the accumulation of progression of short-term bonds approximates the final value from investing in long-term bonds.

Hence, given that when the interest rates fall, the prices of the bonds on the market already will rise, then it can be concluded that If the fund manager thinks that interest rates are going to fall, she should Increase investment in long-term bonds

5 0
3 years ago
Utility refers to a person's derived ________ from consuming a good.
WARRIOR [948]

Answer:

B

Explanation:

Utility means useful, therefore the answer would be answer B. usefulness.

3 0
3 years ago
Read 2 more answers
Write down a list of potential satisfiers in financial services and then a list of dissatisfiers. what would be the benefits to
coldgirl [10]

Answer:

Explanation:

Satisfiers are positive factors which influence work behavior. They are often addressed as "motivation givers"

List of satisfiers includes

Recognition

Promotion

Growth

Self growth

Achievements

Dissatisfiers on the other hand, are the negative factors that influence work behavior. They are called "hygene factors". Basically, they do not provide satisfaction.

Examples of dissatisfiers include

Company policies which frustrate employees

Working in unfavourable conditions

Poor salary

Not placing value on the employees

Too many bureaucracy.

Eliminating dissatisfiers brings decorum to a financial institution. It makes the institution utopian, so to say

6 0
2 years ago
Help help buissness help help
Elza [17]

Answer:

My best guess will have to be A

Explanation:

most research I did was talking about money stability

8 0
2 years ago
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