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The following demand schedule shows a change in demand of milk in Kiwi County in a certain period. Explain five factors that could have caused...

      

The following demand schedule shows a change in demand of milk in Kiwi County in a certain period.
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Explain five factors that could have caused the change in demand of milk from Q0 to Q1.

  

Answers


Kavungya
i)favorable weather changes
ii)reduced taxation on animal /diary cow feeds
iii)expectations of increase in price of milk
iv)offer of subsidies on milk
v)intensive advertising on milk
vi)favorable change in taste and preference of milk
vii)favorable terms of sale such as discounts on milk (Quantity discounts )
Kavungya answered the question on October 17, 2019 at 07:05


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