Determinant of Supply or Demand |
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Product or Service |
Car Insurance |
Determinant of Supply or Demand List only one determinant of supply or demand. |
Changes in Buyers’ Income |
Definition of determinant listed above |
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Real-World Example |
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How change in determinant affected supply or demand |
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How the change in supply or demand affected price |
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How change in price affected quantity supplied or quantity demanded |
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