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Supply and demand

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Similar to future expectations in demand. Demand increases when supply increases on specific goods. (Ex: heart shaped candies around January & February).

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It says that the quantity demanded of a product is a function of five factors: price, income of the buyer, the price of related goods, the tastes of the consumer, and any expectation the consumer has of future supply, prices, etc.

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The following list enumerates the non-price determinants of demand. These factors are important, because they can change the number of units sold of products and services, irrespective of their prices. An explanation of the different factors that affect the supply of a good or service, including price, input prices, technology and expectations. Let's look more closely at each of the determinants of supply. How Money Supply and Demand .

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What Are The Non-Price Determinants Of Demand. February 13th, Comments off Share | Tweet. Changes in the determinants of demand will cause the shift of the demand curve. Price normally demands the demand of goods and services. [ See Non Price Determinants Of Supply]. Another important non-price factor that determines demand is the price of related goods. Substitute goods affect the demand of related goods when the supply increases or decreases. Because substitute goods are used one in place of another, rather than together, the demand for one will always decrease when the demand for another .