Traditional Culture Encyclopedia - Traditional festivals - What are the factors that determine the position and shape of the demand curve in the commodity market?
What are the factors that determine the position and shape of the demand curve in the commodity market?
1. Factors affecting the demand curve: price. Other things being equal, the lower the price of a commodity, the greater the consumer's demand for it. Preference is related to consumers' personal hobbies and personalities, as well as the whole social customs, traditional habits and fashions. Income is positively related to demand. The price demand of related commodities depends not only on the price of the commodity itself, but also on the prices of other commodities to a considerable extent.
2. Demand curve is a curve showing the relationship between price and demand, which refers to the table or curve of the quantity of goods that buyers are willing and able to buy at various price levels under the same other conditions. Where demand cannot be observed. The demand curve can appear in any shape, and the demand curve that conforms to the demand theorem can only tilt to the lower right. The demand curve usually takes the price as the vertical axis (Y axis) and the demand as the horizontal axis (X axis). In a straight demand curve, the demand price elasticity at the center is equal to 1, while the demand price elasticity at the upper part is greater than 1 and the demand price elasticity at the lower part is less than 1.
1. Commodity market is the marketing place and field of physical goods. Including the means of production market, the means of subsistence market and the real estate market. It is the oldest and most important market form. Commodity market refers to a trading place where there are fixed places and facilities, many operators enter the market to operate and pay taxes respectively, and market managers are responsible for property management, and tangible goods are traded in a centralized and open manner.
2. Market demand refers to the quantity that a customer is willing and able to buy a certain commodity or service in a certain region, a certain time, a certain marketing environment and a certain marketing plan. Market demand depends not only on the price of an item, but also on the income, hobbies, expectations and prices of related items of the buyer. It also depends on the number of buyers.
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