fds

Question 1

factors of demand

Answer 1

• interest rate
• disposable income
• price on complementary goods
• price on substitutes
• preferences and tastes
• population and demographic change
• change in general level o fconsumer confidnee

Question 2

dmeand elasticity

Answer 2

• necessity of goods
• avaibility of substitues
• time
• porportion of income

Question 3

factors of supply

Answer 3

• changes in production costs
• number of suppliers
• technology change
• productivity growth
• climate change

Question 4

supply elasticity

Answer 4

• production period
• spare capacity
• durability