The table below represents the demand schedule for tea leaves for 6 months in 2010. Outline four causes of the trend in the table.

      

The table below represents the demand schedule for tea leaves for 6 months in 2010.
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Outline four causes of the trend in the table.

  

Answers


Kavungya
i)Possibility of decrease in price.
ii)May be the taste and preference for the product was very positive.
iii)May be the there was a trend of increasing population.
iv)May be there was there interfacing a trend of increasing income to the household.
v)Possibility of seasonal changes being in favour of the product.
vi)Possibility of income being distributed fairly possibility of terms of sale being better.
vii)Future expectations of increase in price or decrease in quality being supplied.
ix)Better government policy such as decrease intakes increase in subsidiers or increase in time for taking the product.
x)May be a continued increase in the prices of substitutes such as coffee.
xi)May be a decrease in the prices of complementary goods like sugar.
Kavungya answered the question on September 26, 2019 at 06:56


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