Categorieën: Alle - income - preferences - health - supply

door Nur Mariyah 12 jaren geleden

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Demand and Supply Factors

The demand for yogurt ice cream in Singapore is influenced by several factors. As income levels rise, more Singaporeans can afford this treat, leading to an increase in demand. Additionally, as the population grows and more people become aware of the yogurt ice cream store, the number of consumers is expected to increase.

Demand and Supply Factors

Demand and Supply Factors

Demand

Population
Number of consumers will increase
More people will know of the yogurt ice cream store
Tastes and Preferences
Consumers will be more drawn to buy yogurt ice cream
Consumption of yogurt benefits one's health
Income
Normal good: Singaporeans will be able to afford the yogurt ice cream

Increase in demand

Prices of related goods
Substitutes: There are different stores in AMK selling ice-creams as well.

Supply

Subtopic