Question

select all the correct answers.
which of the following are non - price determinants of demand?
advertising
change in population
prices of raw materials
production technology
future expectation of prices

Explanation:

• Advertising: Can influence consumer preferences and demand, not related to price.
• Change in population: A larger population means more potential buyers, affecting demand independently of price.
• Prices of raw materials and Production technology: These are determinants of supply (affect production costs/capabilities), not demand.
• Future expectation of prices: If consumers expect prices to rise/fall in the future, it affects current demand, not related to current price.

Answer:

• advertising
• change in population
• future expectation of prices