--%>

Determinants of demand affect the price

For a particular product how do the determinants of demand affect the price?

E

Expert

Verified

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.

   Related Questions in Microeconomics

  • Q : Economics like a social science Why is

    Why is economics seen like a social science?

  • Q : Problem on greatest monopsony power The

    The Employers would have the maximum monopsony power in dealing with: (i) White collar labor in the metropolitan area. (ii) Unionized workers. (iii) Professional athletes. (iv) Blue collar labor in metropolitan area.

    Q : Consequences of rise in union wages Can

    Can someone help me in finding out the right answer from the given options. The possible consequences of a rise in union wages comprise reduced: (1) Union employment and a refusal in non-union wages. (2) Shares of national income to the labor however growth of union e

  • Q : Problem on Closed Shops Can someone

    Can someone please help me in finding out the accurate answer from the following question. The firm which operates beneath a closed shop agreement: (i) Produces more gains than the firm beset through union strikes. (ii) Is less beneath organized labor's control than t

  • Q : Capital or current account Is import of

    Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.

  • Q : Immobility of Labor-Monopsony Power I

    I have a problem in economics on Monopsony Power and Immobility of Labor. Please help me in the given question. The immobility of labor is economically significant as: (1) Most of the people like to move, however can't. (2) People in high salary occupations won't be c

  • Q : Wise and efficient use of grocery in

    I have a problem in economics on Wise and efficient use of grocery in Consumer Surplus. Please help me in the following question. The consumer surplus is most probable to be raised by: (i) Wise and proficient use of grocery store coupons. (ii) Rises in the production

  • Q : Problem on price elasticity The firm’s

    The firm’s net revenue grows whenever the price of a good is cut when the price elasticity of: (i) Demand surpass the price elasticity of supply. (ii) Replacement goods are less than one. (iii) Supply is in an associatively elastic range. (iv) D

  • Q : Unitarily price elastic while small

    When small raises or decreases within the price of generic bananas do not influence the total sales revenue from bananas, in that case the market demand for generic bananas is: (i) perfectly price elastic. (ii) perfec

  • Q : Jeremy Bentham utilitarianism Possible

    Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r