Which of the following factors influence(s) the capital structure of a business entity? The purpose of advertising is to do which of the following? D. the number of substitutes available to consumers A demand for a good or a service is elastic if it reacts strongly to a change of its price. Asked 1 day ago|7/4/2022 8:34:57 PM. 4. The more available substitutes there are, the more elastic the demand will be. 1 See answer Advertisement . I. Price. There is never enough of anything for everyone to get all they want. B. Demand for hot dogs buns increases. Answer (1 of 34): That would be the availability of good substitutes for that demand. D. A decrease in consumers' incomes. 0 Answers/Comments. 1.3 Impact of income. Asked 293 days ago|8/29/2021 5:52:01 AM. Which of the following factors influences demand? (d) The quantity of the commodity demanded at a certain price during any particular period of time. Expert Answer 100% (1 rating) 3) correct answer would be here income because autonomous expenditure are the ones which are mandatory and despite the level of income they ain't gonna change because they are mandatory for the survival be it on individual level Or on government leve … View the full answer Added 1/23/2017 2:07:48 PM. We can look at either an individual demand curve or the total demand in the economy. Expert answered| emdjay23 |Points 251300|. A. An increase in the price of a substitute product (eg avocados). A price decrease increases quantity supplied. For example Mr. X has 100 kgs of a . The seven determinants of demand are the following: - A change in buyers' real incomes or wealth. The association between price and quantity demanded is also called a Demand curve. In economics, demand is a fundamental concept that refers to a consumer's desire to purchase goods and services and willingness to pay a price for them. Examples are: salt, coffee, medical care and beer. In drawing the demand schedule or the demand curve for a good we take income of the people as given and constant. A. IV. This answer has been confirmed as correct and helpful. (d) The quantity of the commodity demanded at a certain price during any particular period of time. Which of the following is an example of relatively inelastic demand? 1. The level of inflation in an economy. II. ii) If a producer manufactures a unit elastic product, he/she cannot influence total revenue by changing the price. Marketing strategy is a method that allows a company to focus its limited resources on the most profitable prospects to boost sales.The correct options are A, C, and D.. What are marketing techniques? Marketing strategy is a method that allows a company to focus its limited resources on the most profitable prospects to boost sales and gain a sustained competitive advantage. A. i . D. Provide information. The individual demand curve illustrates the price people are willing to pay for a . Add your answer and earn points. - The prices of related products or services. The demand will contract strongly after . The more expensive the destination, the less likely people . An increase in costs of production causes the supply curve to increase. iv) The elasticity of products changes over time. When the price of the good changes and the quantity desired varies according to the original demand relationship, movement along the demand curve occurs. Answer + 20 Watch For unlimited access to Homework Help, a Homework+ subscription is required. Disposable income with the people in a particular economy. See Page 1. B. O A. i C. d Ε. π O O B. r D. NX F. C. Question: Which of the following factors will affect the slope of the aggregate demand curve? The demand will be greater when the population is high. Tastes and Preferences of the Consumers: . - Buyers' expectations of their future income and wealth. 7. 1. A 10,5% increase in price reduces the quantity demanded by 5,1%. (b) Need for the commodity and willingness to pay for it. If wages are . Consumer's Income 6. Which of the following factors will affect the slope of the aggregate demand curve? 2. Income of the People: The demand for goods also depends upon the incomes of the people. The extent to which these factors influence demand depends on the nature of a product. 1 Factors Affecting Price Elasticity of Demand. The correct answer is: The amount by which the demand curve shifts when the price of another good changes. A. Africa was rich in natural resources that Europeans needed. Advertisers use the following techniques to increase consumer demand for their good and services:Turning luxuries into necessities.Jumping on the bandwagonSlogans or jinglesSavings or free . A. The demand for a good depends on several factors, such as price of the good, perceived quality, advertising, income, confidence of consumers and changes in taste and fashion. O A. i C. d Ε. π O O B. r D. NX F. C. The level of wages also affects consumer spending. The sales and operations planB . Most Common Influence Tactics. . a. Demand for the product of the company. 1.5 Perishability of the product. f. Get an answer. A) umbrellas B) snow tires C) swim suits D) sleds Previous Next . Choose 1 answer: answer choices. Log in for more information. A price increase causes an increase in supply. Availability of Substitutes 2. Answer: Option C 0 Answers/Comments. This causes an increase in demand of various goods even at higher prices. Number of its Uses 5. Explanation: Essential goods are those without which the subsistence is the most difficult. C. Technology adopted. Answered step-by-step 1. Three major supply-side factors affect prices: Amount of natural gas production Exchange : Exchange is a push tactic, but it's a moderately . Income : Demand also depends on the income of the people. The greater the incomes of the people, the greater will be their demand for goods. a, The individual's money income, b, The prices of other commodities, c, The price of the commodity under consideration, d, The tastes of the individuals. Which one of the following will not affect the demand for bananas, and therefore leave the demand. Change in consumer expectations. Besides the size of Population, composition of population also influences the demand. It helps in reducing th A 10,5% increase in price reduces the quantity demanded by 5,1%. Answer (1 of 9): The key factors which influences the demand for money are as follows- 1. 1.1 Relative need for the product. Your cashier thinks you should raise prices to increase your total revenue and your customer thinks you should lower prices to increase your total revenue. D. Adequate of the assets to meet any sudden spurt in demand. D. the number of substitutes available to consumers (c) The quantity demanded of that commodity at a certain price. Demand forecastingC . A. federalism B … . A demand curve is a graphic representation of the relationship between product price and the quantity of the product demanded. A. Which of the following does NOT influence the price elasticity of demand? Log in for more information. 1 Answer/Comment. Aside from factors such as interest rates and inflation, the currency exchange rate is one of the most important determinants of a country's relative level . Influence market research B. Demand for a commodity refers to: (a) Desire backed by ability to pay for the commodity. 7/29/2020 Section A - Multiple Choice Questions Question16 You own a small store. C. whether the good is a necessity or a luxury. In turn, higher prices tend to moderate or reduce demand and encourage production, and lower prices tend to have the opposite effects. _____13. Suppose, In future if the price of houses is going to rise then people rush in the market to buy more before the prices goes up. The goods which are complementary with each other, the change in the price of any of them would affect the demand of the other. The factors are: 1. A decrease in resource costs causes an increase in the supply curve. For example, the change in the price level for a luxury car can cause a substantial change in the . The correct answer is B) The price of the good. Substitute goods will increase. Choose the right answer: 1. Similarly, during deflation (depression), the demand for various goods reduces in spite of lower prices because people do not have enough money to buy the things. Inferior goods will increaseC. It helps in reducing the variable cost of production. A)control of the spice trade. The quantity demanded (qD) is a function of five factors—price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.As these factors change, so too does the quantity demanded. Which of the following does NOT influence the price elasticity of demand? Which of the following factors is typically good for economic growth in this regard? Question 1: Which of the following terms gives power to the federal courts to declare legislative and executive acts unconstitutional? Which of the following is true? Which of the following would be in demand all year round in most of the United States? Normal goods will increase B. Complimentary goods will increaseD. Demand for a commodity refers to: (a) Desire backed by ability to pay for the commodity. The lower the price elasticity of demand, the steeper the demand curve will be. The supply and demand may also confine to a particular season. In drawing an individual's demand curve for a commodity, all but which one of the following are kept constant? Government spending factors does not affect the demand for money. The demand and income are directly related to each other. If it is less than one, the product is . A. Share in Total Expenditure: Proportion of consumer's income that is spent on a particular commodity also influences the elasticity of demand for it. A. the amount by which the demand curve shifts when the price of another good changes. C)desire for gold ******. Time factor in Elasticity influence Elasticity of Demand. Time plays a vital role in the elasticity of demand for a commodity. Position in the Budget 3. It reduces the unit cost of production. A. income effect B. substitution effect C. diminishing marginal utility D. ceteris paribus an increase in total spending in the economy Economists agree that four factors influence economic development and growth: human resources, physical capital, natural resources, and technology. The lower the price elasticity of demand, the steeper the demand curve will be. Whether or not the supply for the essential goods is sufficient, the demand for it remains unaffected. Economics questions and answers. Answer (1 of 25): There are three things to always keep in mind when considering economic issues: 1. Increases in demand generally lead to higher prices, and decreases in demand tend to lead to lower prices. Demand for hot dogs increases. a. The phase through which economy is passing.i.e economic recovery, boom, recession etc. D)interest in territorial expansion. Which of the following factors is most likely to affect the demand for a company's services or products?A . Search for an answer or ask Weegy. Updated 293 days ago|8/29/2021 7:11:18 AM. Which of the following factors influence relative elasticity? (b) Need for the commodity and willingness to pay for it. Resource availabilityD . In most cases, though, it is not effective. The demand for a product is influenced by various factors, such as price, consumer's income, and growth of population. Confirmed by . 6 Factors That Influence Exchange Rates. d. It directly influences the fixed cost production. At a price of 4.95, a pulp fiction novel is expected to sell 9,000 copies. Economic conditions View Answer Answer: D Latest CPIM-BSP Dumps Valid Version with 155 Q&As Latest And Valid Q&A | Instant Download | Once Fail,Continue reading Which of the following would affect demand for a consumer magazine: O The cost of advertising in the magazine O The usefulness of the magazine The number of inserts in the magazine The magazine's delivered circulation 1 See answer andrew473678 is waiting for your help. ii. Which of the following does NOT affect demand? Income is not the only factor that causes a shift in demand. Demand for hot dog buns decreases. B)demand for beaver fur. Demand for commodity exists for a period of time, say, a day, week, month or year or several years. Which of the following factors does not affect the demand for money? Four main factors affect tourism demand include price, season, security, and trends. There are many factors which has adverse effect on demand of housing some are illustrated below: Price: The fluctuation in prices influences the demand of housing. The other things that change demand include tastes and preferences, the composition or . A. the amount by which the demand curve shifts when the price of another good changes B. the time period buyers have to respond to a price change C. whether the good is a necessity or a luxury. Expert answered| emdjay23 |Points 251300|. When people would . Dividing the change in supply by the change in price results in a numerical value. Asked 1 day ago|7/4/2022 8:34:57 PM. Which of the following encouraged competition among European powers for influence in Mughal India? The aggregate. An increase in interest rates. Question. Bargaining power with the suppliers. They support the living at the most basic level by making up all that needs to be necessarily used and consumed in day-to-day life. Following are the important factors that affect the demand of a commodity: Own price of the given commodity : Own price is the most important determinant of demand. c. It predicts how many units will sold. Log in for more information. B. the time period buyers have to respond to a price change. - Buyers' tastes and preferences. Scarcity. Question. In which of the following ways does demand influence profit? When the price of a commodity falls, its demand rises and when its price rises, its demand falls. Which of the following factors does not affect the supply curve? One of the following does NOT affect demand for a good: expectations about future income. The forces of supply and demand interact to affect an . C. philanthropic activities performed in without expectations of monetary remuneration. curve unchanged. In drawing an individual's demand curve for a commodity, all but which one of the following are kept constant? customs duties C. Judiciary Act of 1801 D. Judicial Review Question 2: What country/countries attempted to blockade U.S. ships trying to trade with one another during 1805? The extent to which these factors influence demand depends on the nature of a product. Describe the main factors affecting tourism demand. Log in for more information. If the price of a product is too high, there will be a shortage. Some of the most common influence tactics are as follows: i. (7) Government Policy: Economic policy adopted by the government also influences the demand for commodities. Pressure: Pressuring a person to change their behavior or carry out an order is a push tactic that uses intimidation, threats, and authority. 3. C. An increase in consumers' incomes. Which of the following is an example of relatively inelastic demand? Add your answer and earn points. Governments in highly developed countries are focused on these areas. 2. Factor # 1. iii) Frictional unemployment occurs when people are between jobs. Both stock and market price of a product affect its supply to a greater extent. The following points highlight the twelve main factors affecting the elasticity of demand for a commodity. A. prices of inputs B. production technology C. the number of producers D. prices of complement goods Business Economics Microeconomics Answer & Explanation Solved by verified expert D Step-by-step explanation D. prices of complement goods It is a factor of Demand. D. Africa's climate attracted farmers and other European settlers. One factor that can affect demand elasticity of a good or service is its price level. The demand for a product is influenced by various factors, such as price, consumer's income, and growth of population. If that number is more than one, the product shows price elasticity. If the market price is more than the cost price, the seller would increase the supply of a product in the market. _____12. B. Africa's river systems made it easy for Europeans to reach the African interior. E. Demand for hot dogs decreases. - Buyers' expectations of the product's future price. 2 Business Economics Tutorial. a. interest rates c. level of income b. price levels d. government spending . 2. However, the decrease in market price as compared to cost price would reduce the supply of product in the market. Examples are: salt, coffee, medical care and beer. Get the detailed answer: In which of the following ways does demand influence profit? ADVERTISEMENTS: For example, the demand for apparel changes with change in fashion and tastes and preferences of consumers. Demand Equation or Function. v) If products X and Y are complimentary an increase in X's price will lead to an increase in demand for Y. The value of a thing can be compared against other things only by the individual, and only in t. ADVERTISEMENTS: For example, the demand for apparel changes with change in fashion and tastes and preferences of consumers.