Trusted by millions of Kenyans
LoginRegister
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers
Or go directly to:
Class notes Holiday assignments Topical questions Other resources

Recently after the election, the demand for bread has drastically change negatively. Explain five possible causes of these scenarios.

Recently after the election, the demand for bread has drastically change negatively. Explain five possible causes of these scenarios.

Answers

gideon
i. Increase of the price of bread. This will make people to buy less bread .
ii. Decrease in the price of other related commodities. People will buy more of the related
commodities than bread.
iii. Low income of consumer’s .This reduce their purchasing power making them buy less bread.
iv. Low income distribution if the income is unevenly distributed then less of bread is bought.
v. Negative taste / preference of consumers. This affect the demand making the demand decrease.
vi. Consumer expectation in future .Future expectation of a future fall in price might have lid to
decrease in demand.
vii. Decrease in population . This may have lead to the fall in demand of bread.
viii. Government policy / unfavorable government policy .High taxation raise the price leading to
fall in demand
ix. Seasonal change in disfavor of bread might have led to decrease in demand.
gideon1 answered the question on November 2, 2017 at 06:24

Answer Attachments

Next: Explain circumstances under which each of the following means of payment can be used. (i) Standing order (ii) Credit cards (iii) Credit transfers (iv) Crossed cheque (v) Postal orders

Previous: Explain five ways in which production activities may adversely affects the community

View more Business Studies Questions and Answers  |  Return to Questions Index

Exams With Marking Schemes

Related Questions