The determinants of Demand are A Market prices B Non-price factors that shift th
ID: 1209091 • Letter: T
Question
The determinants of Demand are A Market prices B Non-price factors that shift the demand curve C Factors that cause the market equilibrium to change along the supply curve D Are determined by a command and control board 63. The determinants of Demand include: A Cost of resources, taxes, population and technology B Diminishing marginal utility, movement along a demand curve and the law of diminishing return C Income, price of related good, consumer expectations, tastes and the number of buyers 64. Short answer A What is the difference between Normal Goods and Inferior Goods? B What is the difference between Substitute Goods and Complementary Goods? 65. Extra Credit Short Answer - Finish the paragraph A "The compensation for labor should be based on B. 'The demand for a resource depends on C. 'The high pay of superstars reflect ..." 66. Extra Credit Short Answer A. Provide an example of a negative externality B. Provide a reasonable solution to the negative externality you described aboveExplanation / Answer
62. A&B. and if it a multiple choice question that is if you are asked to choose only 1 answer then it should be A.
63. c. Income, price of related good, consumer expectations, tates and number of buyers.
64.A. Normal goods are those goods whose demand increases with increasing income, while in case of inferior goods demand decreases with increasing income.
B. A complementary product when used can help the use of the other product.An ink cartridge is a complementary product for a printer.Whereas a substitute product helps you when the product you want has run out of stock.Carlsberg is a substitute for a Budweiser/Corona.