select all the correct answers. which of the following are non - price determinants of demand? advertising…

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

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

Answer

Brief Explanations:

Non - price determinants of demand are factors other than the price of the good or service that influence the quantity demanded. Advertising can change consumer preferences and increase demand. A change in population can affect the number of consumers in the market, thus impacting demand. Future expectations of prices can also lead consumers to change their current demand (e.g., if they expect prices to rise in the future, they may buy more now). Prices of raw materials and production technology are determinants of supply, not demand.

Answer:

A. advertising B. change in population E. future expectation of prices