Which will cause a change in the demand for good X
Answers
Answer:
will be on my way to get a chance to be on your own business
Answer:
- Changes in the price of related goods
- Changes in income
- Changes in taste and preferences
- Changes in expectations
Explanation:
Changes in the price of related goods: The demand for good X may be changed by increases or decreases in the prices of other, related goods, may change the demand for good X. The related goods are divided into two categories called substitutes and complements.
Changes in income: Changes in the incomes of buyers may also affect the demand for good X.
Changes in preferences: The demand curve for these goods and services will shift, as peoples' preferences for goods and services change over time.
Changes in expectations: Demand curves may also be shifted by changes in expectations. For instance, if buyers expect that they will have a job for many years to come, they will be more willing to purchase goods such as cars and homes.