Change in the population of consumers, Microeconomics

Assignment Help:

Change in the population of consumers:

Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low populations. For example, Nigeria may demand more of certain goods and services than Ghana because Nigeria’s population is higher than that of Ghana. And even as the population of a country increases the demand for goods and services may also change.

Changes in market strategies

Marketing strategies such as advertising, publicity and sales promotions (e.g. raffles are means used to get consumers to increase their purchases of a commodity. They are intended to inform and persuade existing consumers as well as new ones to buy more of the commodity. Effective marketing strategy will lead to an increase in demand for the commodity, all other things being equal.


Related Discussions:- Change in the population of consumers

Business cycle, measures to control business cycle

measures to control business cycle

Free trade, is country beter off with ban on imports?

is country beter off with ban on imports?

Explain about demand - constrained, Q. Explain about Demand - Constrained? ...

Q. Explain about Demand - Constrained? Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or s

Industrial policy, Industrial Policy: Government policies which are aimed a...

Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre

Decreasing marginal returns and negative marginal returns, What is the diff...

What is the difference between decreasing marginal returns and negative marginal returns?

Market structures, output and price determination under oligopoly market st...

output and price determination under oligopoly market structure

SOCIAL WELFARE FUNCTIONS, VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ...

VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ENTAILS

Economic profit in a monopoly 2006 ap exam, is it just assumed that a monop...

is it just assumed that a monopoly graph is showing economic profit instead of accounting profit

ADVANCE ECONOMICS, THERE IS PRESSURE ON THE CENTRAL BANK TO INCREASE MONEY...

THERE IS PRESSURE ON THE CENTRAL BANK TO INCREASE MONEY SUPPLY WHAT WOULD BE THE EFFECT ON THE MACROECONOMIC VARIABLE

Determine the optimal order size, A major component of the costs of many la...

A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order pla

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd