Non-price factors affecting demand

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  • Created by: Jade
  • Created on: 20-11-12 19:57

1. What is disposable income?

  • Income after taxes on income have been deducted and state benefits have been added and the result has been adjusted to take into account changes in the price level.
  • Income after taxes on income have been deducted and state benefits have been added.
  • Income after taxes on income have been added and state benefits deducted.
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2. Various forms of ______ can have a substantial influence on tastes and fashion.

  • Advertising
  • Information
  • Marketing

3. An increase in consumer income, a rise in the price of substitutes, a fall in the price of complements and a positive change in tastes and fashions all lead to?

  • An increase in demand
  • A decrease in demand
  • No change in demand

4. Substitutes have a ________ relationship.

  • Positive
  • Negative
  • Inverse

5. What is real disposable income?

  • Income after taxes on income have been deducted and state benefits added and the result has been adjusted to take account of changes in the price level.
  • Income after taxes have been deducted and state benefits have been added.
  • Income after taxes have deducted and the result has been adjusted to take account of changes in the price level.
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