"At the most reasonable price," when expressed in English, can be phrased as "At the best value."
Regarding the relationship between price and demand, it can be summarized as follows:
1、Inverse Relationship: Generally speaking, there is an inverse relationship between price and quantity demanded—meaning that if the price of a good or service decreases (increases), the quantity demanded tends to increase (decrease). This principle underlies what is known as the law of demand.
2、Demand Curve: The relationship between price and demand can be graphically represented by a downward-sloping demand curve on a graph where the x-axis represents quantity and the y-axis represents price.
3、Price Elasticity: The degree of responsiveness of demand to changes in price is known as price elasticity. If demand is elastic (inelastic), consumers are more (less) willing to change their purchasing habits in reaction to price changes.
4、Market Equilibrium: In an ideal market situation without external interventions, the equilibrium price occurs at the point where supply equals demand. At this price, the quantity of goods supplied matches the quantity of goods demanded, leading to no shortages or surpluses.
5、Substitutability and Complementarity: The demand for some goods may also be affected by the prices of related goods—substitutes and complements. A substitute is a good with similar functionality; if one becomes more expensive, demand may shift towards the other. Complements are products used together; a change in price for one will often affect the demand for its complement.
6、Non-price Factors: Other factors like income levels (income elasticity of demand), consumer preferences, demographic trends, and external economic conditions can influence the demand for certain goods and services.
7、Time Horizon Consideration: Consumer responses to price changes might differ over different time periods. For instance, immediate reactions might be minimal due to existing contracts or commitments, while over time people may have more flexibility in adjusting their consumption patterns based on price changes.
To determine the "best value," one must analyze both the price of the product or service and the benefits derived from consuming it relative to alternative options available within the same market. It involves considering not only direct costs but also potential long-term savings, quality, durability, brand reputation, and other relevant factors influencing consumer satisfaction.
本文来自作者[子涵儿]投稿,不代表臻货网立场,如若转载,请注明出处:https://www.zhenhuowang.com/zhishi/202506-2213.html
评论列表(3条)
我是臻货网的签约作者“子涵儿”!
希望本篇文章《以最合理的价格的英文 价格与需求的关系》能对你有所帮助!
本篇文章概览:"At the most reasonable price," when expressed in English, can be phrased as &...