Which factors affect supply and demand?
Factors affecting Supply:-Exchange Rates if it is an international business-Price of commodity-Government policies, e.g. taxation
Factors affecting Demand:-Consumer taste-Consumer income-Changes in price of competitive products
AK
Related Economics GCSE answers
All answers ▸Assess the impact of minimum wage legislation on a developing economy.
What's the difference between a normal good and a inferior good?
Analyse 2 causes of shifts in the demand curve and the consequence for the consumer.
Explain two advantages that firms may gain from a horizontal merger.