What are the non-price determinants of demand?

These factors lead to an actual shift of the demand curveDisposable Income (normal and inferior goods)The price of other products (substitutes, complements, unrelated goods)Taste & PreferencesOther factors: ie: Size of population, Seasonal changes, Government policy changes, changes in income distribution

Answered by Dina P. Economics tutor

3209 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

What are the distinctive characteristics of a perfectly competitive market?


What is the difference between a COD and a COI?


Evaluate the view that fiscal policy is the most effective way of achieving long-term economic growth


Why does the government have to take the multiplier effect into account?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences