Question

price is one of the prime determinants of sales revenue. what is the other
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Answer 1

Answer:

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Answer 2

Explanation:

Price is not a determinant of demand, thus a change in price does not cause demand to increase or decrease. If the price of new cars changes, ceteris paribus, there will be a change in the quantity demanded and a movement along the demand curve.

The quantity demanded (qD) is a function of five factors—price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.

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