The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
technology level of income
the rise of price of cement
A populations preference for it and it's availability.
Location Location Location...then supply and demand.
They are factors affecting demand other than
Demand
They are factors affecting demand other than
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
technology level of income
the rise of price of cement
A populations preference for it and it's availability.
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
Location Location Location...then supply and demand.
1.degree of necessity 2.peak and off-peak demand
please give me the ans. of factor affecting demand and supply of health
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation