Demand 3.0 / 5 based on 1 rating ? Business StudiesMarketing and competitive environmentsMarketing mixEconomic growthA2/A-levelOCR Created by: Michaela96Created on: 26-01-14 15:07 What is the acronym for the factors of demand? SPITE 1 of 8 What happens to demand for a product when substitutes increase? Demand decreases 2 of 8 What happens to demand for a product when it's complementary products increase? Demand increases 3 of 8 What generally happens if population increases? Demand increases 4 of 8 What does the I stand for? Income 5 of 8 What does the T stand for? Tastes and preferences 6 of 8 What happens if prices are expected to increase in the future? Demand increases NOW 7 of 8 What happens if prices are expected to decrease in the future Demand decreases NOW 8 of 8
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