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How can consumers behaviour affect market equilibrium

How can consumers behaviour affect market equilibrium

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How can consumers behaviour affect market equilibrium

How can consumers behaviour affect market equilibrium

Answer

Consumers are the king of market their demand creates supply.
. therefore by affecting the demand a level of supply according to consumer's need is established.
such demand supply relation through consumer's behaviour creates market equilibrium.
If consumers change their demand supply is also affected and thus market needs a new equilibrium point.
to satisfy both sellers and buyers.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 14 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 106 views.

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