2006-11-20 01:30:56 · 4 answers · asked by adeleke2002 1 in Business & Finance ➔ Investing
People and if they want something.
2006-11-20 01:44:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are many factors, price being the most prominent. Other things are perceived value, take the ps3 for example. It is advertised as a game console. But in looking at its perceived value it is also a blu-ray disc player. Advertising will also have an effect on demand. Any condition in which a person will have a greater desire for the item will raise demand.
2006-11-20 09:42:00 · answer #2 · answered by sim_maroon 2 · 0⤊ 0⤋
Change in Quantity demanded is due to a change in price.
However, a Change in Demand is due to all other factors than price.
It could be a change in taste, change in competitor's price, change in income etc.
2006-11-20 09:57:01 · answer #3 · answered by floozy_niki 6 · 0⤊ 0⤋
I'm assuming this relates to economics and elastic demand? If so, price will cause a change in demand, however, I also think obsolescence will, too.
2006-11-20 09:35:58 · answer #4 · answered by mpicky2 4 · 0⤊ 1⤋