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The price of ______ goods is a determinant of demand.

Sagot :

Tundexi

Generally, the price of other goods is an important determinant of demand for a product.

What are the determinants of demand?

The determining factor for demand level of a product includes changes in income, prices of related goods, consumer expectations, consumer tastes etc.

Therefore, the price of other goods is an important determinant of demand for a product.

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