What is demand? Identify and explain the important determinaemand.nts

1.	What is demand? Identify and explain the important determinaemand.nts ofemand: According to the Oxford Enelish Dictionary, demand isthe customer's
Answer» Demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also known as the demand curve. Preferences which underlie demand, are influenced by cost, benefit, odds and other variables. An organization should properly understand the relationship between thedemandand its eachdeterminant to analyze and estimate the individual and marketdemandof a product. Thedemandfor a product is influenced by variousfactors, such as price, consumer's income, and growth of population. Themost important determinantof consumer spending is disposable income. If consumers havemoreincome, they will spendmore, and aggregatedemandwill increase.

What is demand? Identify and explain the important determinaemand.nts ofemand: According to the Oxford Enelish Dictionary, demand isthe customer's

Answer»

Demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also known as the demand curve. Preferences which underlie demand, are influenced by cost, benefit, odds and other variables.

An organization should properly understand the relationship between thedemandand its eachdeterminant to analyze and estimate the individual and marketdemandof a product. Thedemandfor a product is influenced by variousfactors, such as price, consumer's income, and growth of population.

Themost important determinantof consumer spending is disposable income. If consumers havemoreincome, they will spendmore, and aggregatedemandwill increase.

Discussion

No Comment Found

Related InterviewSolutions

Possessive NounsThejacketuniform needs to be washed(Bob)Therattle is pink(baby)
DenlcesRead the tollowing line :Forget the buried woes and dead despairsHere, the repetition of the sounddonant sound in quick succession at the beginning of words is ealledples of this kind that oceur in the poem./fends a musieal quality to the line. Suoh repetifióAlliteraticm', Fick órrLook at the ollowing line :The world won't care about your old defeats're, the word "world' refers to the people in the world. It means one thing refers to tnnected with it. This figure of speech is called 'Metomymy'. For example, "The pen isword'Notice the expression ...strain and stresswe notice that both the words 'strain' and 'stress' convey the same meaninhe same meaning is expressed more than once, using different words, which
(рео a brief character sketch of Peter van Daan.
Q. 1. Draw a brief character-sketch of Anil.
Write a brief character sketch of Mr. Arthur Gilman.
Which of the following is not a possessive pronoun(A) ours (B) mine (C) their (D) yours
what is the meaninof betal in biodh
) What is Book-keeping?
6hatHhe meanincatheueHadl thoes thi har that ho i abho bash
DIETARY FOOD SUPPLEMENTNOT FOR MEDICINAL USE