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2 years ago

Which of the following are non-price determinants of demand?

Business

1 answer:

Charra [1.4K]2 years ago

7 0

<h3><u>Answer;</u></h3>

Future expectation of prices

<h3><u>Explanation</u>;</h3>

Demand refers to the quantity of a good or service that consumers and businesses are willing and able to buy at a given price in a given time period.
Demand is determined by various factors such as price of the goods and other non-price determinants.
<u><em>Non-price determinants include; the income of the buyers or consumers, tastes and preferences of consumers, prices of related goods and services known as complementary goods and </em></u><u><em>the future expectations of prices among other factors</em></u>.

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I = 11%

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To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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