Dirkjan: Created page with "The following factors determine demand: * The Own Price of the good itself ( $P_0$ ) * The price of Substitute Goods ( $P_S<..."$

2020-08-25T07:35:47Z

Created page with "The following factors determine demand: * The Own Price of the good itself ( <math>P_0</math> ) * The price of Substitute Goods (<math>P_S<..."

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The following factors determine demand:

* The [[Own Price|Own Price]] of the good itself ( <math>P_0</math> )
* The price of [[Substitute Goods|Substitute Goods]] (<math>P_S</math>)
* The price of [[Complementary Goods|Complementary Goods]] (<math>P_C</math>)
* The level of advertising expenditure <math>A</math> on the product in question as well of their complementary and substitute goods (denoted <math>A_a</math>, <math>A_b</math> and <math>A_c</math>
* The level and distribution of consumers disposable incomes <math>Y_d</math>, i.e. income after tax and benefits
* Wealth effects <math>W</math> cause by stock market booms.
* Changes in consumers tastes and preferences <math>T</math>
* The cost and availability of Credit <math>C</math>
* Consumers expectations concerning future price rises and availability oif the product <math>E</math>
* Changes in population (<math>POP</math>)
[[Category:economics]]

[[Category:M22]]

[[Category:Principles of Business Economics]]

[[Category:Term]]

Factors determining Demand - Revision history

Dirkjan: Created page with "The following factors determine demand: * The Own Price of the good itself ( P_0 ) * The price of Substitute Goods (P_S<..."

Dirkjan: Created page with "The following factors determine demand: * The Own Price of the good itself ( $P_0$ ) * The price of Substitute Goods ( $P_S<..."$