Determinants that consumers want to buy
In addition to price, what are the other determinants that consumers want to buy?
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In addition to price, other determinants of how much consumers desire to buy comprise income, the prices of substitutes and complements, expectations, tastes, and the number of buyers. When one of such factors changes, the demand curve shifts.
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When the price elasticity of demand for goose grease is 2.5 and a 10% price hike will reasons of quantity demanded to: (w) grow by roughly 2.5%. (x) grow by roughly 25%. (y) fall by roughly 25%. (z) fall by roughly 4%. Discover Q & A Leading Solution Library Avail More Than 1420147 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1953608 Asked 3,689 Active Tutors 1420147 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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