Determinants of demand affect the price
For a particular product how do the determinants of demand affect the price?
Expert
As demand for a goods increases the price also increases accordingly. So any determinant of demand which has positive or negative effect on demand will have the same effect on the price.
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How do you explain the term GNI per capita?
Demand schedule: This is a tabular symbolization of different quantities demanded at various levels of prices.
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When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change. Discover Q & A Leading Solution Library Avail More Than 1448973 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1953307 Asked 3,689 Active Tutors 1448973 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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