What are the determinants of demand
What are the determinants of demand?
Expert
The fundamental determinant of demand is the price of the commodity under consideration: a change in price causes movement along the commodity’s demand curve. This movement is called a change in quantity demanded. Decline price leads to association down the demand curve: There is an increase in quantity demanded. Increased price leads to movement up the demand curve: There is a decrease in quantity demanded.
Elucidate reallocation of Government resources?
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surpluses drives price down,shortages drive up
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