In order to answer this question, it is first necessary to understand what factors do determine demand for laptop computers. The most common determinants of demand are price, income, and substitution. In other words, people will purchase more laptops when they are cheaper, when they have more money available to them, or when there are no good substitutes for laptops.
With that in mind, we can now look at the four possible answers and see which one does not fit with the others. The first answer is \”a change in fashion.\” It is true that trends can influence demand for all sorts of products, including laptops.
However, fashion is not as important a determinant as the other three factors mentioned above. A change in fashion might lead to an increase or decrease in demand for laptops, but it would not be the primary driver of that change. The second answer is \”an increase in the price of desktop computers.\”
This is a substitution effect: if desktop computers become more expensive relative to laptops, then people will purchase more laptops instead. Therefore, this option cannot be the correct answer. The third answer is \”a decrease in the price of tablet computers.\”
Again, this would be a substitution effect: if tablets become less expensive relative to laptops (meaning that laptops are relatively more expensive), then people will purchase fewer laptops. Therefore, this option also cannot be correct. This leaves us with only one remaining possibility: \”an increase in incomes.\”
An increase in incomes would lead to an increase in demand for laptop computers because people would have more money available to spend on these items. This option makes sense given our earlier discussion about determinants of demand; therefore it must be the correct answer.
The Determinants of Demand | Demand & Supply Theory | Microeconomics | AL Economics
It\’s no secret that laptops have become increasingly popular in recent years. More and more people are using them for work, school, and play. But what exactly is driving this demand?
There are a few factors that come into play. First, there\’s the simple matter of convenience. Laptops are portable, which means they can be used just about anywhere.
They\’re also relatively lightweight and easy to carry around. This makes them ideal for students or busy professionals who need to be able to work on the go. Another factor is the increasing affordability of laptops.
Thanks to advances in technology, they\’re now more affordable than ever before. This means that more people can afford to buy one, which in turn drives up demand. Finally, there\’s the issue of functionality.
Laptops offer a lot of features and capabilities that desktop computers simply can\’t match. They\’re perfect for tasks like web browsing, streaming video, and social media use – all things that are growing in popularity every day. So which of these is not a determinant of demand for laptop computers?
The answer might surprise you: it\’s none of them!
In Order to Derive a Market Demand Curve from Individuals’ Demand Curves, We Add Up the
A market demand curve is a graphical representation of the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices. In order to derive this curve, we must first add up the individual demand curves for all consumers in the market.
Each consumer has their own personal demand curve which represents the quantities of a good or service that they would be willing and able to purchase at different prices.
The market demand curve is simply the sum of all these individual curves. To see how this works, let’s consider an example. Imagine there are only two consumers in our market, Consumer A and Consumer B. If we know each consumer’s individual demand curve, we can then derive the market demand curve by adding them together.
In this example, we can see that at a price of $4 per unit, Consumer A would be willing to purchase 4 units while Consumer B would only purchase 2 units. This means that at $4 per unit, the total quantity demanded in the market would be 6 units (4 + 2). We can continue this process for other prices as well until we have derived the entire market demand curve.
When Economists Speak of \”Demand\” in a Particular Market, They Refer to
When economists speak of \”demand\” in a particular market, they are referring to the quantity of a good or service that consumers are willing and able to purchase at various price levels. The demand curve is a graphical representation of this relationship, with price plotted on the x-axis and quantity demanded plotted on the y-axis.
When Economists Say That the Demand for a Product Has Decreased, They Mean That
When economists say that the demand for a product has decreased, they mean that people are now willing to purchase less of the good at any given price. There are several reasons why this might happen. Maybe consumers have lost confidence in the quality of the product and so they\’re buying less of it.
Or, new products have come on to the market that compete with the original product and so people are buying more of those instead. Whatever the reason, when demand decreases it means that people are valuing the good less than they did before.
Which of the Following Will Not Cause a Change in the Demand for Product A?
Assuming that all other factors remain the same, which of the following will not cause a change in the demand for product A?
A. An increase in the price of product B.
B. A decrease in the income of consumers.
C. An increase in advertising for product A. D. An increase in the price of product A. The answer is C!
An increase in advertising may shift the demand curve for product A to the right, but it won\’t cause a change in demand (i.e., it won\’t affect how much consumers are willing and able to buy at a given price).
If There was Initially a Shortage in the Market for a Product, Then
If there was initially a shortage in the market for a product, then it is likely that the price of the product will increase. This is because when there is a shortage of a good, there are more buyers than sellers, and so sellers can charge higher prices.
In addition, if the shortage is expected to be temporary, then firms may also expect prices to return to normal once the shortage ends, and so they may be willing to pay higher prices now in order to get their hands on the good.
Which of the Following is Not a Determinant of Demand?
There are a variety of factors that can influence demand for a good or service. These determinants can be categorized as either microeconomic or macroeconomic in nature. The most common microeconomic determinants of demand are price, income, and preferences.
Macroeconomic factors, on the other hand, pertain to the overall economic conditions and trends within a society or market. Some common examples include GDP, inflation, and unemployment rates. One factor that is not a direct determinant of demand is advertising.
While advertising can certainly influence consumer behavior, it does not directly determine how much of a good or service people are willing to buy (i.e., it does not change the quantity demanded). Instead, advertising is more likely to affect factors like consumer preferences and awareness, which in turn can influence demand.
What Factors Influence the Demand for Laptops?
When it comes to laptops, there are a few key factors that can influence demand. One of the most important is price. If laptops are priced too high, fewer people will be interested in buying them.
Another factor is features and specs. Laptops with better specs and more features tend to be in higher demand than those with weaker specs. Additionally, brand name can play a role in demand.
Some laptop brands are more popular than others and as such, their products tend to have higher demand. Lastly, availability can also affect demand. If laptops are hard to find or constantly sold out, this can lead to increased demand from consumers who want to get their hands on one.
What are the 4 Demand Determinants?
In economics, demand determinants are factors that affect the demand for a good or service. The four main demand determinants are income, prices of related goods, preferences, and expectations.
Income is perhaps the most important factor affecting demand.
As income increases, so does the demand for most normal goods (goods whose demand increases when income increases). There are some exceptions though – luxury items or Veblen goods have an inverse relationship between income and demand (i.e., as income rises, thedemand for these status symbols falls). Prices of related goods also affect demand.
If the price of a substitute good decreases (think diet soda as a substitute for regular soda), then the demand for the original good will decrease as well. Conversely, if the price of a complementary good decreases (think cars and gasoline), then the demand for the original good will increase. Preferences refer to how much consumers like or want a particular good.
Obviously, if consumers prefer one product over another (all else being equal), they will purchase more of it. Finally, expectations about future prices and incomes can also shiftDemand curves may show relatively inelastic Demand where quantity demanded responds negligibly to changes in price(relatively unresponsive) or perfectly inelastic Demand where quantity demanded is completely unresponsive to changesin price; or elastic Demand where changes in Price have significant impact on quantity demanded(highly responsive).
What are the 5 Determinants That Affect Demand?
In order to better understand demand, it is important to know the five factors that affect it. These are: price, income, prices of related goods, tastes and preferences, and expectations. Let\’s take a closer look at each one.
Price: The most obvious determinant of demand is price. All else being equal, as price goes up, demand goes down and vice versa. This relationship is represented by the downward-sloping demand curve.
Income: Another important factor affecting demand is income. An increase in income will lead to an increase in demand for most goods and services since people will have more money to spend. However, there are some exceptions known as luxury goods or Giffen goods where an increase in income actually decreases demand!
Prices of Related Goods: The prices of other similar or complementary products can also impact demand for a good or service. For example, if the price of beef increases then we would expect the demand for chicken (a substitute good) to increase as well since people would switch from beef to chicken in order to save money. On the other hand, if the price of bread decreases then we would expect thedemand for peanut butter (a complementary good) to decrease since people would be less likely to buy peanut butter and jelly sandwiches (PB&Js).
Tastes & Preferences: Our taste buds and preferences can also have an effect on what we purchase – obviously someone who doesn\’t like chocolate isn\’t going buy a chocolate bar even if it\’s cheap! Changes in fashion trends can also lead changes in demand as people seek out new styles and products. For example, skinny jeans were once all the rage so denim companies saw an uptick in sales; now wide-leg pants are becoming popular so those same companies may see their sales start to decline again.
It\’s no secret that laptops have become increasingly popular in recent years. But what is it that drives demand for these portable computers? Is it simply a matter of convenience, or are there other factors at play?
In order to better understand demand for laptop computers, let\’s take a look at some of the most important determinants: Convenience: Laptops are, quite simply, much more convenient than desktop computers. They\’re easy to transport and can be used just about anywhere.
This has made them especially popular among students and professionals who need to be able to work from anywhere. Price: Another factor that has helped drive demand for laptops is their relatively affordable price tag. In recent years, prices have come down significantly, making laptops more accessible to a wider range of consumers.
Functionality: Laptops have also become much more functional than they once were. Thanks to advances in technology, they can now handle just about any task that you would traditionally use a desktop computer for. This includes everything from browsing the web and checking email to editing photos and videos and even playing games.