Answer to Question #83875 in Microeconomics for Krisha

Question #83875
What factors have influenced the demand for motorbikes / scooty in the last few years in Kathmandu? Focus your attention on income, attitudes, and the prices of other products. Explain with graph how changes in these factors would either increase or decrease the demand for motorbikes/ scooty.
1
Expert's answer
2018-12-21T11:08:10-0500

The main factors that have increased the demand for motorbikes / scooty in the last few years in Kathmandu are: low incomes of customers, high prices of such substitutes as cars, poorly developed infrastructure and transportation. All these factors would increase the demand for motorbikes/ scooty in Kathmandu.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS