⟩ How do the determinants of demand affect the price of a particular product?
As demand for a good goes up, the price goes up. So any determinant of demand that has positive or negative effect on demand will have the same affect on the price.
Question and Answer:
Home Economics
- Share
Popular Answers:
* There is no answer to the above question yet.
More Questions for you:
What is inflation?
What are the advantages of capitalism?
What is the importance of microeconomics in study of managerial economics?
What are the capitalist countries in the world?
How do trade barriers affect international trade?
What is an interest sensitive good?
What is the difference between service industry and industry in economy?
What countries are the members of the OECD?
What happens to unsold newspapers?
What is social cost benefit analysis?
