C. Directions: Write the non- price factors that affect demand on the second column and for the third columndraw an arrow to the right symbol if there is an increase of demand and arrow to the left if there is a decreaseon demand1. Column 2-Choices (INCOME, TASTE & PREFERENCE, PRICE, BUYERS EXPECTATIONS, NUMBER OF BUYERS)2. Column 3 Choices (Right Arrow-), (Left Arrow-) Put it in the middle of the two demand curvesFactors that affect demandShifting of DemandSituation/Scenarios1.Mr. Sanchez earnings as a manager is notenough to buy all their daily needs andwants2. Margeret wants to buy clothing withfancy colors and designs.3. Jasper always buy beverages withpartners such as coffee and cream4. Mrs. Ramirez also stocks extra food ifthere is a scheduled calamities or events. 5. There more than 15 sellers ofaccessories on SM San Lazaro

Market demand for a commodity can change as a result of a change in consumers income, their tastes…

C. Directions: Write the non- price factors that affect demand on the second column and for the third column draw an arrow to the right symbol if there is an increase of demand and arrow to the left if there is a decrease on demand 1. Column 2-Choices (INCOME, TASTE & PREFERENCE, PRICE, BUYERS EXPECTATIONS, NUMBER OF BUYERS) 2. Column 3 Choices (Right Arrow-), (Left Arrow-) Put it in the middle of the two demand curves Shifting of Demand Situation/Scenarios 1.Mr. Sanchez earnings as a manager is not enough to buy all their daily needs and wants 2. Margeret wants to buy clothing with fancy colors and designs. 3. Jasper always buy beverages with partners such as coffee and cream 4. Mrs. Ramirez also stocks extra food if there is a scheduled calamities or events. Factors that affect demand

C. Directions: Write the non- price factors that affect demand on the second column and for the third column draw an arrow to the right symbol if there is an increase of demand and arrow to the left if there is a decrease on demand 1. Column 2-Choices (INCOME, TASTE & PREFERENCE, PRICE, BUYERS EXPECTATIONS, NUMBER OF BUYERS) 2. Column 3 Choices (Right Arrow-), (Left Arrow-) Put it in the middle of the two demand curves Shifting of Demand Situation/Scenarios 1.Mr. Sanchez earnings as a manager is not enough to buy all their daily needs and wants 2. Margeret wants to buy clothing with fancy colors and designs. 3. Jasper always buy beverages with partners such as coffee and cream 4. Mrs. Ramirez also stocks extra food if there is a scheduled calamities or events. Factors that affect demand

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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