The price of ______ goods is a determinant of demand.

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06-06-2022
Business

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The price of ______ goods is a determinant of demand.

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Tundexiidn Tundexiidn · Answer 1 · 2022-06-09T12:04:54-04:00

Generally, the price of other goods is an important determinant of demand for a product.

What are the determinants of demand?

The determining factor for demand level of a product includes changes in income, prices of related goods, consumer expectations, consumer tastes etc.

Therefore, the price of other goods is an important determinant of demand for a product.

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What are the determinants of demand?

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