Zarriasmith05
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You learnedthat changes in demand are caused by non-price determinants of demand that can be remembered by the acronym TRIBE. You learned
that changes in supply are caused by non-price determinants of supply that can be remembered by the acronym ROTTEN. List 5 non-price
determinants of either demand or supply that cause changes in the market. To receive credit, you have to indicate whether the non-price determinant
you listed affects demand or supply.

Respuesta :

jayilych4real

Some non-price determinants that cause changes in the market are:

  • Income.
  • Future price expectations.
  • Price of substitute goods.
  • Price of complementary goods.
  • Changes in tastes and preferences.

What is a Non-Price Determinant?

This refers to the factors that are not related to the price that causes a change in the need for a product which shifts the demand curve.

Hence, we can see that these non-price determinants are important as they have an effect on the demand of a good such as availability of a substitute good, its price, etc.

Read more about non-price determinants here:

https://brainly.com/question/26875049

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