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Discuss.. How does the number of buyers affect price?

Sagot :

Mochipark420go

Answer:

The number of buyers is one of five demand determinants that shift the demand curve when they change. The other four are buyers' income, buyers' preferences, other prices, and buyers' expectations. The number of buyers willing and able to buy a good affects the overall demand. ... With fewer buyers, there is less demand.

Janareiollorzago

Answer:

In terms of economic theory, this can be described using the law of supply and demand, which states that a supply increase amid constant demand or a decrease in demand with constant supply will put downward pressure on prices.

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