Podcast
Questions and Answers
How does an increase in consumer income typically affect the demand for goods and services?
How does an increase in consumer income typically affect the demand for goods and services?
- It leads to rations of goods and services.
- It decreases demand as consumers save more.
- It has no effect on demand.
- It increases demand due to greater purchasing power. (correct)
Which factor would likely decrease the supply of goods and services produced?
Which factor would likely decrease the supply of goods and services produced?
- A reduction in the price of related goods.
- Technological advancements improving efficiency.
- Increased input costs for production. (correct)
- A rise in the number of suppliers in the market.
What is the 'bandwagon effect' in relation to consumer demand?
What is the 'bandwagon effect' in relation to consumer demand?
- It refers to consumers buying products solely based on advertising.
- It is when consumers refuse to purchase a new product after others have stopped.
- It indicates a decrease in demand due to product saturation.
- It describes consumers buying goods at the same time as many others, increasing demand. (correct)
Which of the following conditions would likely lead to an increase in supply?
Which of the following conditions would likely lead to an increase in supply?
If a substitute product's price rises significantly, what effect does this have on the supply of the original product?
If a substitute product's price rises significantly, what effect does this have on the supply of the original product?
How do seasonal factors generally influence supply and demand?
How do seasonal factors generally influence supply and demand?
What impact does consumer taste and preference have on product demand?
What impact does consumer taste and preference have on product demand?
Future expectations of price changes can influence supply. How might producers respond if they anticipate higher prices in the future?
Future expectations of price changes can influence supply. How might producers respond if they anticipate higher prices in the future?
Ano ang epekto ng pagtaas ng kita ng mga mamimili sa kanilang demand para sa mga kalakal at serbisyo?
Ano ang epekto ng pagtaas ng kita ng mga mamimili sa kanilang demand para sa mga kalakal at serbisyo?
Paano nakakaapekto ang panlasa at kagustuhan ng mga mamimili sa demand para sa isang produkto?
Paano nakakaapekto ang panlasa at kagustuhan ng mga mamimili sa demand para sa isang produkto?
Ano ang maaaring mangyari sa supply ng mga kalakal kung tumaas ang mga gastos sa mga input?
Ano ang maaaring mangyari sa supply ng mga kalakal kung tumaas ang mga gastos sa mga input?
Paano nakakaapekto ang bilang ng mga mamimili sa demand ng isang produkto?
Paano nakakaapekto ang bilang ng mga mamimili sa demand ng isang produkto?
Ano ang epekto ng pagbagsak ng presyo ng isang kaugnay na produkto sa demand ng orihinal na produkto?
Ano ang epekto ng pagbagsak ng presyo ng isang kaugnay na produkto sa demand ng orihinal na produkto?
Paano ang impluwensya ng teknolohiyang pagbabago sa supply ng mga kalakal?
Paano ang impluwensya ng teknolohiyang pagbabago sa supply ng mga kalakal?
Ano ang maaaring mangyari sa supply kung maraming prodyuser o nagtitinda ang gumagamit ng isang produkto?
Ano ang maaaring mangyari sa supply kung maraming prodyuser o nagtitinda ang gumagamit ng isang produkto?
Ano ang maaaring maging epekto ng mga inaasahang pagbabago sa presyo sa supply ng mga kalakal?
Ano ang maaaring maging epekto ng mga inaasahang pagbabago sa presyo sa supply ng mga kalakal?
Flashcards
Income's effect on Demand
Income's effect on Demand
Higher consumer income generally leads to greater demand for goods and services.
Taste & Preferences impacting Demand
Taste & Preferences impacting Demand
Consumer preferences influence how much of a product is desired.
Number of Consumers & Demand
Number of Consumers & Demand
More consumers usually means higher demand for a product.
Tech Advancements & Supply
Tech Advancements & Supply
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Input Costs & Supply
Input Costs & Supply
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Number of Suppliers & Supply
Number of Suppliers & Supply
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Future Price Expectations & Supply
Future Price Expectations & Supply
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Related Good Prices & Supply
Related Good Prices & Supply
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Kita at Demand
Kita at Demand
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Panlasa at Demand
Panlasa at Demand
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Dami ng Mamimili at Demand
Dami ng Mamimili at Demand
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Teknolohiya at Supply
Teknolohiya at Supply
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Halaga ng Input at Supply
Halaga ng Input at Supply
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Bilang ng mga Nagtitinda at Supply
Bilang ng mga Nagtitinda at Supply
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Presyo ng Kaugnay na Produkto at Supply
Presyo ng Kaugnay na Produkto at Supply
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Ekspektasyon ng Presyo at Supply
Ekspektasyon ng Presyo at Supply
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Study Notes
Factors Affecting Demand (Besides Price)
- Income: Higher income leads to greater purchasing power, increasing demand for goods.
- Tastes and Preferences: Products aligning with consumer preferences see increased demand.
- Related Goods: The price of substitute goods or complementary goods influences demand for a product.
- Population: Larger populations can boost the demand for certain products.
- Consumer Expectations: Anticipated future price changes can affect current demand.
- Seasonality: Demand can change with the time of year
Factors Affecting Supply (Besides Price)
- Technology: Advancements in technology can increase production efficiency and supply.
- Input Costs: Rising costs of materials, labor, or other production factors reduce supply.
- Number of Suppliers: More producers lead to greater supply in the market.
- Government Regulations: Government policies affecting production affect supply.
- Producer Expectations: Anticipated price changes can influence the amount producers are willing to supply.
- Weather Patterns: Natural disasters or changes can disrupt production, reducing supply.
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