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HELPP!! ECONOMICS
what aspect of demand can a business control? what cant it control? what can producers do with information about the demand curve, as well as information about trends affecting demand changes, to spur their growth ?​

Respuesta :

Demand Vs Business Control

Explanation:

Effect of demand on business control

  • If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
  • Price elasticity of demand affects a business's ability to increase the price of a product. Elastic goods are more sensitive to increases in price, while inelastic goods are less sensitive. ... Their main profits come from products in higher demand.

How can it be control :

  • To gain control over these two variables, you will be able to gain control of your pricing and profit margin.
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Martebi

The aspect of demand that a business can control is prices and they can also  use of media to influence consumer tastes.

What aspects of demand can a business control?

Business do have some measure of control in the:

  • Business can make changes to prices so as to be of an advantage to other competing products
  • The larger economic trends.
  • Customer's taste.
  • It can change the way it the demand depicts itself.

By business control, one can control prices and also make use of the mass media to try to influence the taste of consumer.

Conclusively, The producers can adjust or make some changes to the prices so that their products will on top of competing products.

Learn more about business control  from

https://brainly.com/question/26106218