Tag Archives | Determinants of Demand

Determinants of Demand: 5 Determinants | Goods

The following points highlight the five determinants of demand. The determinants are: 1. The Price of the Commodity 2. The Prices of Related Goods (i.e., Substitutes and Complements) 3. The Income of the Buyer 4. Tastes and Preferences of the Buyer 5. Other Factors. Determinant # 1. The Price of the Commodity: The price of a commodity is the primary [...]

By |2017-01-13T05:58:25+05:30January 13, 2017|Demand|Comments Off on Determinants of Demand: 5 Determinants | Goods
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Determinants of Demand for Good | Microeconomics

In this article we will discuss about the determinants of an individual's demand for a good and also of the market demand for the good. The determinants are: 1. Own Price of the Good 2. Indifference-Preference Pattern of the Buyers 3. Income of the Buyers 4. Prices of Related Goods 5. Governmental Policy 6. Distribution of Income and Wealth 7. Number [...]

By |2016-09-17T16:01:15+05:30September 17, 2016|Demand for Good|Comments Off on Determinants of Demand for Good | Microeconomics
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