Which factors affect supply and demand?

Factors affecting Supply:-Exchange Rates if it is an international business-Price of commodity-Government policies, e.g. taxation
Factors affecting Demand:-Consumer taste-Consumer income-Changes in price of competitive products

Answered by Aneeq K. Economics tutor

1278 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the difference between the short run and long run?


What is the price elasticity of demand ?


What is the different between an increase in demand and an extension in demand?


Define market failure and give an example. Explain how government intervention may reduce market failure.


We're here to help

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

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences