Demand and Supply Factors

Ver más

Economics 2HH3 Chapter 2

por Remek Debski

The Importance of Eating Healthy, Being Active, Getting Enough Sleep

por Mark Giraldi - Cashmere Avenue PS (1260)

About Brazil

por Mindomo Team

6 Theories of Population Growth

por Val Lozano

Demand and Supply Factors

Demand

Population

Number of consumers will increase

More people will know of the yogurt ice cream store

Tastes and Preferences

Consumers will be more drawn to buy yogurt ice cream

Consumption of yogurt benefits one's health

Income

Normal good: Singaporeans will be able to afford the yogurt ice cream

Increase in demand

Prices of related goods

Substitutes: There are different stores in AMK selling ice-creams as well.

Supply

Subtopic