Change in the population of consumers, Microeconomics

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.

Posted Date: 1/2/2013 1:17:42 AM | Location : United States







Related Discussions:- Change in the population of consumers, Assignment Help, Ask Question on Change in the population of consumers, Get Answer, Expert's Help, Change in the population of consumers Discussions

Write discussion on Change in the population of consumers
Your posts are moderated
Related Questions
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic

The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic

Ask qdescribe average and marginal revenue under imperfect competitionuestion

How does the approach of someone who has adopted the precautionary principle differ from someone with a blind faith in substitutability, when it comes to a non-renewable resource l

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Special Drawing Rights: The late 1960s witnessed that the growth in world resources did not keep pace with the growth in international trade. The slackness in the growth of re

Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq

to what extent are interest rates determined by the economic theory


Q. Define Migration in Microeconomics? Migration:It's the movement of human beings from one country or region to another. Sometimes migration is motivated by economic factors (