Examlex
Mention and explain at least three other determinants that could cause changes in demand, besides price.
Quantity Demanded
The overall volume of a commodity or service that individuals are prepared and financially able to buy at a certain price.
Education
The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through methods like teaching, training, storytelling, discussion, and directed research.
Elastic Demand
A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.
Total Budget
The overall amount of money allocated for a specific purpose or period.
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