If you're seeing this message, it means we're having trouble loading external resources on our website. Show If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. Give economic term: More quantity is demanded due to changes in the factors determining demand other than price _____. More quantity is demanded due to changes in the factors determining demand other than price increase in demand. Explanation: Increase in demand refers to an increase in quantity demanded due
to favourable changes in other factors like tastes, the income of the consumer, climatic conditions etc. and the price remains constant. Concept: Demand Is there an error in this question or solution? What is it called when demand falls due to other factors?When the demand increases as a result of price fall, this is known as Expansion of Demand . In other words, it states that rise in quantity demanded due to reduction in price of commodity, other factors remaining constant.
What happens to demand when price remains constant?There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.
What are the factors affecting demand to change?Other things that change demand include tastes and preferences, the composition or size of the population, the prices of related goods, and even expectations. A change in any one of the underlying factors that determine what quantity people are willing to buy at a given price will cause a shift in demand.
What are price factors affecting demand?Market Factors Affecting Demand. The demand for a good increases or decreases depending on several factors. This includes the product's price, perceived quality, advertising spend, consumer income, consumer confidence, and changes in taste and fashion.
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Price being constant demand falls due to unfavorable change in other factors
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