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The demand for a FERRARI
Transcript of The demand for a FERRARI
affect the Demand for a Ferrari ? The demand for a FERRARI 1- Price
2- Non-price factors
a. Customers Income
b. Number of customers in the market
d.Taste and Preferences The Ability to buy Desire for the Product Willingness to Pay "You want the Ferrari" "You have the money to buy the Ferrari" "You are willing to pay for the Ferrari" Effective Demand for a Ferrari The Law of Demand More of a good will be bought the lower it price , less will be bought the higher its price , Ceteris Paribus Change in Demand A Shift in the demand Curve change in the Quantity demanded A Movement along the demand curve Demand Schedule Demand Curve Quantity demanded is a Specific amount of the good that is purchased at a given price.