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explain how determinats of demand affect household demand decisions and market demand.
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- Can you propose a policy that meld induce the market to supply more rental housing units?How do you suppose the demographics of an aging population of Baby Boomers' in the United States will affect the demand for milk? Justify your answer.Cite instances where determinants of demand affect consumers behavior. List them down
- Explain the two main types of related goods according to demand and supply analysis.Samsung launched 5G mobile phones in the Oman Market because Oredoo and Omantel introduced a 5G network in Oman in the year 2021. But in Sri Lanka still, Samsung is selling 4G mobile phones. The determinant of demand discussed in above statements are ____________. a. Taste and preference of the consumer b. Income of the consumer c. Climatic conditions d. Technological changesSince the pandemic began, housing prices have risen significantly in northern NY. Discuss whether each of the following affects supply or demand, and how. Which non-price determinant is affected?
- When a company offers a new product or service, they estimate how much of that product or service people will want at different prices. This is referred to as the product or service demand. As the price of a product or service increases, the demand usually decreases, and this drives the price down. Companies use the estimated demand to determine how much of a product or service they are willing to supply at different prices. As the price of a product or service increases, companies are willing to supply more of it because they will earn more money. If you graph the demand and the supply curves on the same xy-plane, they will sometimes intersect at the point where the price and the supply are in equilibrium. Consider the scenario below. Yaseen is a local artist who wants to increase the amount of money she earns every month by selling at-home painting kits. These kits will include a photograph of the finished painting, a link and password to Yaseen’s YouTube channel where she will…What impact do policy interventions have on the supply and demand equilibrium for a product?Provide at least two examples of applications of supply elasticities in real life decisions?
- All of the following are non-price determinants of demand except * income number of buyers tastes and preferences costs incurred in buying the productIdentify which side of the market for new automobiles is affected (demand or supply), how is it affected (increase or decrease), what happens to equilibrium price and quantity exchanged due to each of the following changes separately. (You don’t need to draw a graph unless it really makes your life easier f. Consumers expect car prices to rise in the near future. g. Consumers suddenly become more concerned about environment.How does a sudden decrease in consumer confidence due to a significant political event impact the demand for luxury goods in an economy?
